On Wall Street, the Dow Jones fell 0.25%.
The Argentine oil company YPF, controlled by the State, reported on Wednesday a net profit of 26,417 million pesos (238 million dollars) in the first quarter, compared to a loss of 2,247 million pesos registered in the same period of 2021.
The board of directors of the Argentine central bank (BCRA) will later analyze a potential new rise in the reference rate in line with the escalation of inflation suffered by the third largest economy in Latin America, he told Reuters a knowledgeable source.
Argentina’s Consumer Price Index (CPI) would have advanced 5.9% in the fourth month of 2022, according to the median of a Reuters poll. The official data will be released this Thursday.
This Wednesday, the main bonds denominated in dollars registered the majority of increases, in a scenario of attractive prices, although not without high risks. The Bonar AL29 exhibited an increase of 1.9%.
Therefore, the Argentine country risk prepared by the JP Morgan bank fell 0.7% to 1,840 basis points, after four consecutive rises.
For its part, sovereign debt in pesos indexed for inflation (CER) added a new decline, after the strong gains recorded in recent months.
The consultants and financial entities that participated in the latest Survey of Market Expectations (REM) of the Central Bank estimated an inflation of 5.5% for April, which could induce new pressures such as for a new rate hike.
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.
