The advance responds to strong earnings forecasts from companies such as Macy’s, while it was confirmed that the US economy contracted in the first quarter, quelling some concerns about aggressive interest rate hikes.
With this impulse, the Argentine securities listed on Wall Street operate with the majority of increases, which reach up to 11%, such is the case of IRSA Propiedades Comerciales, which is followed by Mercado Libre (+7%), Edenor (+4 .2%) and Telecom Argentina (+3.6%).
Along the same lines as Wall Street, the leading index S&P Merval up 2.4% to 93,506.04 points, against an advance of 3.58% between Monday and Tuesday.
In fixed income, on the other hand, sovereign bonds in dollars operate with rises of up to 1.6%, leadership by the Bonar 2038, followed by the Bonar 2029 (+1.5%) and Bonar 2030 (+1.1%), seeking to recover ground after the sharp declines of recent weeks. The only casualty responds to Overall 2041 (-1.4%).
With everything, country risk measured by the JP.Morgan operated unchanged at 1,918 basis points.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
