Among the setbacks, beyond Mercado Libre, appear the papers of Ternium (-3.9%), Despegar (-3.7%) and Grupo Superville (-3.6%). As the uploads respond to IRSA Commercial Properties (+1.8%), Banco Macro (+0.7%), Cresud (+0.6%) and Pampa Energía (+0.4%).
In the Buenos Aires stock market, meanwhile, the Leading S&P Merval index falls 0.2% to 90,131.52 points, against an advance of 2.5% on Monday. The country is experiencing a tough internal dispute in the Government after the resignation of a key secretary in the economic cabinet such as Roberto Feletti, while struggling with an abrupt inflationary escalation that in 2022 would have a floor of 60%.
US inflation, the monetary policy of the Federal Reserve, the Russian war in Ukraine and the advance of COVID-19 in China are also international issues that also weigh on Argentina.
Bonds and country risk
As for fixed income, securities denominated in dollars fell across the board after a Monday with firm rises of up to 5%. The recoil is led by el Global 2035 (-1.2%) followed by Bonar 2041 (-0.9%) and Bonar 2038 (-0.8%).
Finally, the country risk measured by the JP.Morgan advances 0.7% to 1,925 units, after posting its biggest daily drop in two months on Monday.
Source: Ambito
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