BYMA’s S&P Merval Stock Index it gained 1.3%, to 88,499.13 pointsafter losing 0.6% the day before.
Analysts estimate that the Fed will raise its yield by 75 basis points, the first increase of this magnitude since 1994, which would take the rate to a range of 1.5% to 1.75%. This position tends to harm emerging economies such as Argentina.
For their part, the Argentine companies listed on Wall Street operate with major increases, led by Cresud (+6.7%); take off (+5.6%); and Free Market (+3.7%).
Bonds and country risk
In the fixed income segment, the bonds denominated in dollars operate with the majority of rises, after hitting new historical lows.
The main ascents were led by the Bonar 2038 (+1.1%); and Global 2030 (+0.7%).
Thus, the Argentine country risk fell by a slight 0.2% to 2,121 points.
Source: Ambito
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