The leading index S&P Merval It gained 0.92%, to 89,446.06 points, after falling 2.39% the day before. This benchmark accumulates an improvement of 7.12% so far in 2022.
The International Monetary Fund (IMF) carries out the first review of public accounts in the framework of a recent agreement for the restructuring of debt for some 44,000 million dollars.
“The Government trusts that this review will pass without problems, but for the next one (in September) it is expected that there will be a change in the goals, given that the fiscal deficit does not yield, the monetary issue accelerates, and inflation continues at levels high,” estimated Research for Trades.
In the global context, the war in Ukraine, the lockdowns in China and concerns about the possibility of a rise in interest rates play against risk markets.
Country risk and bonds
On Thursday, with sovereign bonds at historical lows, the Argentine country risk approached 2,000 points, although at closing it erased the rise it showed for almost the entire day and closed with a slight drop, in the middle of a volatile wheel, and with investors’ doubts about the short-term fortunes of the local economy.
The index that measures the JP.Morgan bank fell 0.4% to 1,944 basis points, after touching 1,972 points at the beginning of the day, the highest since the beginning of last March (when it reached 1,991 points intraday). .
It was after global bonds ended mostly in positive territory for the first time in seven wheels, after firm initial declines. The most outstanding rises were recorded by Global 2046 (+3.9%); and Global 2041 (+1.1%), although some falls were also recorded: the most pronounced were in Global 2029 (-2.5%); and Bonar 2029 (-1.4%).
All in all, the average price of the Globals continues below US$30, at US$29.82, while the weighted average rate remains firm, about to exceed 23%, at 22.98%.
In the segment of pesos, meanwhile, the securities linked to inflation (CER) ended with the majority of increases, led by the DIP0 (+1.6%); and the Boncer 2023 (+0.5%). On the other hand, the losses were headed by the Quasipar (-3.5%).
On the other hand, the dollar-linked sovereign debt operated offered, falling 0.3% on average, with greater punishment on TV24 (-0.5%).
Source: Ambito
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