In that framework, the country risk, which measures the JP: Morgan bank rose 3 points or 0.1% to 2403 units.
The Minister of Economy Serge Massa he will travel to the United States next week to visit Washington and Houston, where he will hold meetings with the International Monetary Fund (IMF) and businessmen.
For their part, political issues also play an important role in expectations, given the tensions in the government coalition and in the opposition.
“It remains to be seen if these timid improvements are the prelude to a greater recovery or if they are insufficient given the seriousness of the situation. The key would be to obtain international financial support that allows the situation to stretch out, given certain geopolitical reasons; however, these types of improvements may be worth months but not years,” said Vat Net Financial Research.
“It is that the challenges remain, since the situation is weak and improvements are gradual; one of the most important ‘caveats’ (warnings) is the political situation, which worsened this week,” he added.
S&P Merval and ADRs
The Buenos Aires stock market rose slightly on Monday amid an uncertain local economic outlook pending economic measures and global doubts in the face of the growing risk of more aggressive rises in interest rates in the United States and Europe.
The leading S&P Merval stock index in Buenos Aires advanced 0.6% to 142,238.92 units, after accumulating a rise of 7.98% during the past week.
The Merval, which has accumulated an increase of 69.13% so far this year, marked a historical maximum value of 143,246.85 units on Friday.
Meanwhile, the shares of Argentine companies listed on Wall Street They operate with increases of up to 5.2%, led by YPF ADRs (+5.2%) and followed by Tenaris (+4.1%) and Corporación América (+3.3%).
The falls are led by Despegar shares (-1.7%); Globant (-1.7%) and Telecom (-0.6%).
The Ministry of Economy will tender this Monday Treasury securities in order to seek financing for some 89,000 million pesos to face a maturity of ‘Ledes’ letters.
“It is known that the problems continue and that a lot of issues need to be resolved, ranging from the fiscal deficit to the productive matrix. There is much pending and a robust ammunition package is needed, with measures that end up seducing and convincing this market that is just starting to warm up.“said Gonzalo Gaviña from Portfolio Personal Inversiones.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
