ADRs bounce up to 5% in tune with Wall Street; low country risk after hitting highs since March

ADRs bounce up to 5% in tune with Wall Street;  low country risk after hitting highs since March

As for the local panorama, the strong inflationary pressure, questions about the economic situation and the near fulfillment of goals agreed in the agreement with the International Monetary Fund (IMF), keep “investors away.”

“In Argentina, investors once again doubt the country’s fiscal trajectory and the viability of its deal with the IMF, while inflation, which is in a different league than in the rest of the region despite the pressures observed on prices, has yet to peak,” said Bulltick Research.

Bonds and country risk

As for the titles denominated in dollars, they operate with the majority of increases up to 1.2% led by the Bonar 2029, followed by the Global 2030 and Bonar 2035 (0.7%), Bonar 2030 (0.4%) and Bonar 2038 (0.2%). The only setback responds to Global 2035 (-0.2%).

Lastly, the country risk measured by JP Morgan fell 0.36% to 1,938 units, after hitting lows at the beginning of March at 1,951 points.

Source: Ambito

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