On Monday, the managing director of the International Monetary Fund (IMF), Kristalina Georgievasaid 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. “There was little news since Batakis’ trip to Washington.“, assured Portfolio Personal Inversiones and pointed out that “the incredulous market seeks concrete measures from the Government rather than signals.”
The ADRs of Argentine companies on Wall Street operated unevenly, with increases led by Cresud (+3.6%) and decreases of up to 5.2% in the case of Banco Supervielle, followed by Globant (-2.2%) .
Bonds and country risk
In the fixed-income segment, sovereign bonds in dollars are trading mixed and lose up to 2.6%, led by global bonds Global 2014. The biggest rises are for Global 2035 (+3.9%), and Bonar 2041 ( +2.4%).
Bonds remain influenced by dollarized issues as those adjusted for inflation hold some interest, traders said.
“Domestic assets continue to be conditioned by political noise and economic uncertainty, which are deepening the prevailing climate of distrust,” added Gustavo Ber from Estudio Ber.
In this way, the country risk prepared by the JP. Morgan bank drops two units to 2,903 points, after marking a historical maximum level of 2,976 units the day before.
Source: Ambito
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