In that framework, the country risk,What is measured by JP banking: Morgan rises 0.3% to 2,425 units.
The Buenos Aires stock market opens lower this Tuesday due to profit taking after scoring its all-time high the day before, at a time when energy and financial stocks serve as a hedge against high inflation and the constant devaluation of the peso.
The leading stock index S&P Merval it lost 1% to 142,544.80 units, after the record of 145,859.42 intraday points on Monday. In this way, the Merval advances close to 70% in 2022, against a rise in retail prices slightly below 60% in eight months.
In global markets, the impact of a possible new rise in rates in the United States and the firmness of raw materials in the world with the war in Ukraine are analyzed.
In this framework, the ADRs operate with the majority of decreases of up to 5%, led by Tenaris, followed by Cresud and Transportadora Gas del Sur (-4.3%). On the contrary, the financial actions led by Banco Superville (3.2%), Banco Macro (1.1%) and BBVA (1%) rose.
Source: Ambito
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