ADRs rise up to 5% on Wall Street; Country risk records first weekly drop in a month and a half

ADRs rise up to 5% on Wall Street;  Country risk records first weekly drop in a month and a half

In the Buenos Aires stock market, for its part, the S&P Merval index operated stable, at 93,703 pointsafter having increased 6.4% between Monday and Thursday -on Wednesday there were no markets due to the May Revolution holiday-.

Global inflationary pressure, with the particularity that the internal cost of living would exceed 60% in 2022, the upward pressure on interest rates, the war in Ukraine and new global outbreaks of COVID, are part of the conditioning factors of financial businesses .

In fixed income, sovereign bonds in dollars rose on Thursday on the local stock market, adjusting to Wednesday’s advances in the US, and ended with increases of up to 1.7%, led by the Global 2029, the Bonar 2038 (+1 .6%) and Bonar 2029 (+1.6%). The only drop responded to Global 2041 (-0.6%).

On Wall Street, on the other hand, sovereign titles ended with decreases of 10 cents on average throughout the curve, before which, the country risk measured by the JP.Morgan rose 0.6% to the area of ​​1,928 basic points.

For their part, CER-adjusted securities in pesos ended with increases of 0.8% on average throughout the curve. The most outstanding raises were marked by the PR13 (+1.3%); and the TX28 (+1.2%).

Source: Ambito

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