In this context, the country risk measured by JPMorgan cuts a downward streak for the first time in four days, rising 2.32% or 55 units to 2,426 basis points, after approaching levels prior to the departure of Martin Guzmán.
S&P Merval and ADRs
The S&P Merval stock index rose 0.35% to 125,224.48 units with selective business after falling 0.94% in the previous session. “Pending the arrival of new economic announcements, local assets remain ‘hostage’ to global risk appetite, since after the initial expectation that the new economic leadership aroused, concrete progress is now expected in the implementation,” said an analyst financial.
The new official, Sergio Massa, said that he will seek to implement fiscal austerity measures, strengthen the reserves of the central bank (BCRA) and give a boost to trade, among other points.
Wall Street falls up to 2% prior to the next publication of the minutes of the United States Federal Reserve on its last monetary policy meeting, in search of signals about the magnitude of the rate hike for the coming months.
Argentine papers listed on Wall Street operate without a defined trend with advances of up to 2% for Loma Negra, Pampa Energía (1.8%) and Banco Superville (1.6%). In the decreases, of up to 5%, Mercado Libre leads the mark, Ternium follows with a loss of up to 3% and Globant with 2%.
Source: Ambito
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