The S&P Merval up 0.8% to 90,876.61 points contrary to the external markets that fall due to a new rise in raw materials. In the external context, the rise in oil keeps the markets tense in the face of the prospect of new sanctions against Russia, the second largest exporter of crude oil in the world, after its invasion of Ukraine.
On Wall Street, the shares that lead the increases are YPF (4%), Banco Macro (3.3%) and BBVA (3.1%).
“History suggests that for an IMF deal to restore market confidence, a credible shift toward policy tightening is needed that will generate positive economic outcomes, coupled with favorable external conditions,” Capital Economics said. The stock market benchmark accumulates an improvement of 8.54% so far this year. This context is generated one day after the central bank (BCRA) increased its reference rate for the third consecutive month.
In fixed income, sovereign bonds denominated in dollars operate with the majority of declines up to 2%, led by Global 2046, followed by Global 2030 (-0.1%) and Bonar 2030, respectively. The only rise responds to Bonar 2029 (0.2%).
In this framework, the country risk remains stable at 1,794 basis points, the same value as on Tuesday.
Source: Ambito
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