He added that for his part, “the MACD trend oscillator is above its moving average and with a positive slope, although in a very high area.” Nevertheless, the Merval measured in dollars falls more than 11% in the year and is far from its historical maximum of July 2019. The stocks that stand out the most are Cresud (+3.4%), Grupo Financiero Galicia (1.9%), YPF (1.8%) and Banco Macro (1.3%).
Yesterday, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said that the organization values the “initial efforts” of the new Minister of Economy, Silvina Batakis, in strengthening the fiscal sustainability of the country. Batakis meets this Tuesday with executives from multinational companies and investment funds.
Externally, eyes remained on the monetary policy decision to be taken this week by the US Federal Reserve (Fed) and the main US indices fell up to 2%.
Affected by the expectant climate, Argentine papers listed on wall street operate disparate, with falls led by Despegar (-4%); Free Market (-3.2%) and Globant (-2.2%). Among the main rises of the day, on the contrary, appeared the ADR’s of Cresud (2%), Grupo Financiero Galicia (2.1%) and Banco Macro (2%).
Bonds and country risk
In the fixed-income segment, sovereign bonds in dollars did not stop the falls and lost up to 2%, led by the global bonds GD41 and GD35 (-1.9%). The only two raises respond to GD38 (0.6%) and AL29 (0.2%). While, the bonds in pesos fall up to 2% led by the global 2039, followed by the Global 2030 (-1.1%) and the Bonar 2029 (-0.9%). The Global 2041 (0.7%) and the Bonar 2035 (0.2%) rise.
Thus, the country risk prepared by the bank JP.Morgan falls for the second consecutive wheel to 0.07% to 2,903 units.
Source: Ambito
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