“This optimistic scenario occurs in a context without certain reasons, because with the changes in the Ministry of Economy and without too many details about the economic planning of the country, the panorama continues with a lot of uncertainty,” said Priscila Bruno de Rava. stock.
The heterodox economist Silvina Batakis replaced Martín Guzmán in the economic portfolio on Monday after his untimely resignation over the weekend.
The ADRs continue to seek to take advantage of the momentum of the Northcontrary to the bonds in dollars, given the political noise and economic uncertainty, which act as serious conditions for investors despite the punished prices.
So it is that the operators are attentive to the political signals that the different speeches and declarations are leaving, given that quenching said focus of uncertainty within the ruling coalition is a necessary condition to try to face an economic ‘road map’ that calms the nervousness of the agents.
Only then will attention be able to move to the implementation of measures aimed at a convergence in fiscal, monetary and exchange imbalances, which are crucial in seeking to stabilize the deteriorated expectations of investors.
In the fixed income segment, bonds in dollars traded with drops of up to 1.5%, while titles in pesos operated with increases of up to 2.4%.
Even so, In the short term, the evolution of the debt in pesos arouses greater concern, given the auction next week – and the challenging roll-over schedule – since recovering investor appetite soon is essential since it is the only voluntary financing available.
The solid creation of jobs is looking to be quickly digested by Wall Street, and so it is trying to extend the best tone of the last wheels, even though the data could incline the Fed to prolong its more ‘hawkish’ inclination despite the risk of recession .
In the meantime, the country risk prepared by the JP. Morgan bank lost 0.9% to 2,652 basis points.
Source: Ambito
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