However, the country risk that JP Morgan measures remains close to its highest level since mid -April, the product of exchange tensions and the setback of the titles.
Argentine papers bounce Wall Street This Wednesday after closing Tuesday with a majority of casualties. Meanwhile, global bonds operate up after the strong fall of the last wheel, reflected in a country risk which advanced to 898 points, its highest level in almost 5 months.
S&P MERVAL TREPA 0.5% at 1,985,925.76 points, with a 0.8% drop so far this week. At the same time, Your dollar counterpart rises 0.9%although so far in September correction is 0.8%.
From Personal Inversiones Portfolio (PPI) they stated that “Merval comes from an August to forget and faces a week where volatility is the great protagonistwith the PBA elections more and closer. “
In Wall Streetthe ADRs that present the highest increases are Port Central (+2.04%), Telecom (+2%) and Edenorwith +1.04%. The only exception is Macro Bankwhich drops 0.9%.
Bonds and Risk Country
For its part, dollars in dollars operate with increases of up to 3.4% In the first movements in that place, as is the case of Global 46. At the moment, the only Argentine title that falls is the global 29, with a correction of 2%.
In PPI they stressed that “despite the strong bleeding on Tuesday, Today the global start with a more positive tone. In particular, the long sections, the most punished yesterday, They advance up to 1%. “
Anyway, they stressed that “We will have to see if this rebound manages to sustain and recover part of the lost terrainor if, on the contrary, the bearish trend that marked the beginning of September is imposed again. “
The last data of country risk (EMBI, prepared by JP Morgan) of September 2 showed a value of 898 basic points and threw a jump of 8.3% with respect to the previous registration.
In your last market comment, Aurum values He stated that “These movements would be motivated both by political uncertaintyas to the weaknesses seen in recent times in terms of rates and in the exchange level. “
Source: Ambito
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