Amid the global crash, S&P Merval resists but ADRs and bonds fall

Amid the global crash, S&P Merval resists but ADRs and bonds fall

In this framework, the Argentine papers listed on Wall Street operate with most losses of up to 5%, led by Transportadora Gas del Sur, Mercado Libre (3.6%) and Despegar (-2.8%). In the opposite direction, YPF (4%), Edenor (3%), Banco Macro (2.8%) rose.

The market also remains positive after Sergio Massa’s meeting in Washington and the agreement signed between the International Monetary Fund (IMF) and at the beginning of the year will continue unchanged, the agency said the day before.

Argentine Economy Minister Sergio Massa held two “positive” meetings in Washington on Monday with US Treasury Secretary Janet Yellen and IMF Managing Director Kristalina Georgieva. Consumer prices unexpectedly rose in the United States in August, while at home, analysts expect average inflation of 6.6%.

Bonds and country risk

In the fixed income segment, sovereign bonds in dollars are affected by the global climate and fall up to 2%, led by global bonds GD38G and GD29D (-1.8%). The Argentine country risk measured by JPMorgan falls 0.7% to 2,289 basis points.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts