Other firm advances were noted in the papers of Macro Bank (+6.9%); and YPF (+4.8%).
In the Buenos Aires stock market, meanwhile, the stock index S&P Merval improved 2.9% to 87,967 pointswith which it accumulates so far this year a rise of 5.2%, compared to inflation above 25% in the same period.
“Persistently high inflation, negative real rates and a misaligned currency are some of the main macroeconomic challenges facing the authorities,” said Alberto Ramos of Goldman Sachs & Co.
On the other hand, the fights within the ruling coalition cast doubt on the future of the economy, despite a recent agreement with the International Monetary Fund (IMF) for some 44,000 million dollars that demands increasing BCRA reserves, reducing inflation and reduce the fiscal deficit, among other points.
Bonds and country risk
In the fixed income segment, Argentine bonds in dollars operate unevenly, with falls of up to 1.5% among the Bonares, and rises of up to 1.4% among the Globals
Thus, the country risk fell 0.5% to 1,878 pointsalthough it is heading to register a rise of 70 points in the week.
In the peso segment, on the other hand, CER-adjusted bonds (follow the evolution of inflation) operate mixed, highlighting the increase in Q2X2 (+0.9%), after the INDEC reported on Thursday that retail prices increased by a strong 6% in April, mainly driven by food and clothing items.
Source: Ambito
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