Against this background, the main rises in Argentine paper were recorded by Free Market (+2.6%), after sinking 10% on Tuesday; by South Gas Carrier (+1.7%); and by Irsa Comercial Properties (+1.7%).
At the other extreme were the assets of Bioceres (-1.8%); Telecom (-0.6%); and Grupo Supervielle (-0.5%).
On the New York Stock Exchange, meanwhile, the Dow Jones Industrial Average rose 0.4%; the S&P 500 index rose 0.7%; and the Nasdaq Composite climbed 1%.
Let us remember that the The leading S&P Merval index rose 1% on Tuesday to 91,271.67 points., which added to the 2.5% advance on Monday. On the leading panel, the largest increases were for Banco Macro (+5%), Pampa Energía (+4.9%), and Transportadora Gas del Norte (+3.9%). On the other hand, Banco Superville (-2.4%), Edenor (-1.7%) and YPF (-0.9%) were the papers that suffered the most.
Bonds and country risk
As for fixed income, sovereign bonds trade little changed in the US, while country risk measured by the JP.Morgan went up two units 1,936 basis points.
“The manifest risk aversion pushed fixed income in emerging markets through higher risk premiums. The index of fixed income of emerging markets experienced a fall of 3.5% in the last month, product of a greater fall in the longest maturing bonds Balanz analysts commented.
Source: Ambito
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