ADRs rose as much as 5.1% on Wall Street; country risk recorded the first weekly drop in a month and a half

ADRs rose as much as 5.1% on Wall Street;  country risk recorded the first weekly drop in a month and a half

In the Buenos Aires stock market, for its part, the S&P Merval index closed almost stable, at 93,683 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 ended with increases of up to 2.1% (Bonar 2041), wherefore, the country risk measured by the JP.Morgan It fell 1% to 1,909 basis points, posting its first weekly drop in a month and a half.

For their part, titles in pesos with CER adjustment ended mixed. The most outgoing raises were marked by the PAP0 (+1%); and PR13 (+0.7%).

Source: Ambito

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