ADRs fall to almost 4%, while the Buenos Aires stock market operates without a defined trend

ADRs fall to almost 4%, while the Buenos Aires stock market operates without a defined trend

The S&P Merval stock index of Argentine Stock Exchanges and Markets (BYMA) moved stable in the area of ​​92,000 points, after advancing 0.88% the previous session.

“The more cautious recent external climate, together with internal political noise and the new economic measures, would be interrupting the greater independence and recent firmness of domestic assets,” said Gustavo Ber of the Ber Study.

The war tension in Ukraine hits global markets after Russia gave the Ukrainian fighters in Mariupol a new ultimatum to surrender, in their quest to achieve a decisive victory in their new offensive.

The IMF and the World Bank this week cut their forecasts for global economic growth due to the impact of the conflict in Ukraine.

bonuses

Bonds in dollars closed on Tuesday with most losses, up to 1.5% thanks to the Bonar 2035, while the Global 2035 and the Global 2035 fell 1.2%. For its part, the country risk measured by JP Morgan increased 0.5% to 1,687 units.

In the fixed income segment in pesos, CER adjusted bonds closed mixed. The biggest rise was PR13, which grew 2.6%, followed by TC23 (+1.5%), and PAP0 (+1.3%). “We can mention the good performance of local bonds adjusted by the CER index, motivated in the short term by higher inflation expectations,” said Fernando Staropoli, account executive at Rava Bursátil.

Source: Ambito

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