The President of the Chamber of Deputies, Serge Massa, It will take the reins of the Ministry of Economy, which will now encompass the economic, productive and agricultural areas. “Massa’s entry as super-minister of the economy brought calm to the markets and hope to some investors”, commented from EconViews.
They added that “however, there are still many doubts as to whether Massa is clear that the economic measures to reduce the fiscal deficit or lower the exchange rate gap imply political costs that require strong support from Kirchnerism (part of the ruling party), and not You know if you have it.”
S&P Merval and ADRs
The stock index BYMA S&P Merval loses 3%, to 118,821.53 units, after falling 3.8% on Friday and marking a historical maximum level of 130,650.78 points on Thursday. The leading benchmark accumulated a rise of 7.6% during the past week and ended July with a rise of 38.53%. ANDThe Merval in dollars rose 2.7% to 436.37 points.
For their part, the Argentine papers in wall street They operate disparate with a notable rise of Edenor up to 6.8% followed by the finance companies Banco Macro (3.8%), Grupo Financiero Galicia (3.6%) and Banco Francés (2.4%). The decreases are led by Irsa (-3.9%), Tenaris (-2.7%), Transportadora Gas del Sur (-2.3%).
Source: Ambito
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