On the New York Stock Exchange, the most pronounced setbacks of the day were suffered by the papers of Cresud (-6.6%); Bioceres (-4.8%); and Pampa Energia (-4.4%).
In the local stock market, meanwhile, the S&P Merval stock index of Argentine Stock Exchanges and Markets (BYMA) lost 0.7%, to 87,608.13 points, led by the declining trend of energy stocks, after losing 3% during april.
Thus, the most notable decreases of the day were recorded by the assets of Cresud (-5.6%); Transener (-2.4%); and Holcim (-2.1%). On the progress side, there were Supervielle (+2.6%); Aluar (+2.4%); and Telecom (+2%).
To the local inflationary escalation, which would be around 5.5% in April after climbing 6.7% in March, is added the potential rise in the rate of the US Federal Reserve this week, which would further complicate the business scenario .
The internal fights in the government coalition of President Alberto Fernández are another seasoning that combines against the price of assets, while the pressure on the exchange circuit persists, where the CCL dollar once again exceeded $210 this Monday.
In the US, with poor activity data for April and in a volatile session, the S&P500 gained 0.6% after losing 1.7% in mid-afternoon, while the Nasdaq 100 rose 1.6%.
For its part, The 10-year bond rate rose 5 basis points to 2.98%, breaking the 3% barrier during the day, which had not happened since November 2018.
Bonds and country risk
In the fixed income segment, titles in dollars yielded up to 1.9% (Global 2035), and the country risk advanced 0.8% to 1,816 points, the highest since the end of March.
The titles in dollars traded all day offered, already losing about 40 cents on average in the first operations of the morning, maintaining this bias throughout the day, they described from the SBS Group.
In the weight segment, CER-adjusted securities showed an upward performance. The one that headed the promotions was the TC23 (+2.5%).
For its part, the dollar-linked sovereign curve was very active, seeing demand in the short tranche (T2V2) and the long tranche (TV24)while the medium tranche (TV23) with good volume fell 0.5%.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
