While, Argentine papers listed on Wall Street climb up to 4% led by Pampa Energía, Cresud (2%), Telecom Argentina (1.9%) and Grupo Financiero Galicia (1.3%). The drops, of up to 2%, respond to Ternium, Corporación América (-1%) and YPF (-0.7%).
Massa offered several signals in relation to economic policy. All within the framework of strong political support. It is not a minor fact. Some of the most impressive and important measures for investors have to do with meeting the fiscal deficit target, the “stop” on monetary issuance until the end of the year, an extension of the cut in subsidies focused on energy savings and other incentives to the export sector. But of course, that’s all for now. wait and see.
“It seems to me that the reaction of the markets is going to be reasonably positive as long as all the announced measures are understood, in particular the fiscal ones. It is feasible and viable in terms of political support. At the end of the day, this program is not different from the one outlined by Batakis and even something deeper than the one that Guzmán had been developing. I see a relatively positive situation and always looking at the progress of how to carry out these measures and how to implement them,” he said. Ricardo DelgadoDirector of Analytica in communication with Ambit.
Source: Ambito
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