Faced with a general fall in the main international stock markets, operators do not rule out taking profits in the short term.
The International Monetary Fund (IMF) reached an agreement at the level of officials in the second review under the extended fund program with Argentina for 44,000 million dollars, the agency said in a statement on Monday.
Argentina’s economy will grow 2% with an annual inflation of 60% in 2023, according to the budget project that the Government sent to the National Congress on Thursday night. In the midst of a delicate financial crisis, the country will grow 4% and will have an inflation of 94.5% in 2022.
In this framework, Argentine stocks listed on Wall Street operate unevenly, with increases of up to 4% and falls that reach 2.6%. Among the increases, those of Telecom (+4%) stand out; Corporación América (+2.9%) and Transportadora de Gas del Sur (+2.9%).
Meanwhile, among the most important declines are the Loma Negra ADRs (-2.6%); YPF (-1.7%) and Mercado Libre (-1.3%).
Bonds and country risk
Dollar bonds operate this Monday with losses of up to 0.9%, led by the Bonar 2030 (AL30D) and followed by the Global 2030 (GD30D).
Meanwhile, the country risk measured by JP Morgan banks rose 16 points or 0.7% to 2,399 units.
Source: Ambito
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