ADRs and Merval
The Argentine stocks operate with a majority of bans this Friday on Wall Street, affected by the fall on the eve of the US stock market due to negative data on the US economy.
On Wall Street, the shares of Argentine companies they plummeted to 4.8%, led by Mercado Libre (-4.8%), Edenor (-4.8%); Take off (-4%); Global (-3.6%).
In as much, the advances of the day stand out those of the shares of YPF (+6.4%); Corporación América (+1.2%) and Banco BBVA (+1%).
In the Buenos Aires bag, the S&P Merval of the Argentine Stock Exchange and Markets (BYMA) up 1.6% to 146,451.87 units after registering a new intraday record in pesos of 148,309 points.
The most important advance is YPF (+6.5%). Behind are Transener (+1.9%) and Banco Macri (+1.7%). Among the losses, those of Sociedad Comercial del Plata (-1.3%), Banco Supervielle (-1.1%) and Telecom (-1.1%) stand out.
The Consumer Price Index (CPI) increased by 7% in August, a figure higher than expected by analysts that adds difficulties to the Government, in the midst of a crisis that has triggered the experts’ inflation forecasts to 95% for this year .
On Thursday, meanwhile, the wholesale inflation for August was known, which showed a monthly 8.2% (73.9% a/a) while the cost of construction advanced 7.2% (66.7% a/ a), confirming that the nominal pressures do not yield.
In this context, the BCRA board endorsed an interest rate of 75% nominal (TEA of 107.3%), to take the pressure off the dollar and weigh the new exchange rate in favor of soybean producers.
In the US, there was another tough day on Thursday with the main stock indices losing ground again and Treasuries rates rising by around 5 points on average. On mixed economic data, the S&P 500 fell 1.1% while the 10-year bond rate rose 4 points to 3.45%.
Source: Ambito
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