For its part, the country risk measured by the JP Morgan bank rose two points or 0.1% to 2,385 units. In this way, he scored his fifth consecutive raise.
Meanwhile, the Argentine stock market grew this Monday due to pending purchases among institutional investors, in a market conditioned by external weakness in the face of signs of a global recession.
The S&P Merval index advanced 3.1%, to a level of 150,262.08 pointsafter reaching an intraday record of 150,971.41 units, encouraged by hedging positions for inflation and the devaluation of the peso.
The main rises were recorded by the shares of Banco BBVA (+7.6%), followed by those of Cresud (+7.2%) and those of Central Puerto (+6.5%). The losses were led by Sociedad Comercial del Plata (-2.2%); Ternium (-1.4%) and those of Transener (-0.5%).
Faced with a general fall in the main international stock markets, operators do not rule out taking profits in the short term.
It should be noted that 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.
While, The managing director of the International Monetary Fund (IMF) said on Monday that she had an “excellent” meeting with the president of Argentina, Alberto Fernández, in New York. Georgieva said through her Twitter account that they discussed the importance of implementing a decisive program to combat inflation and strengthen stability for the sustainable and inclusive growth of Argentines.
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.
Bonds and country risk
The bonds in dollars operated this Monday with the majority of increases, of up to 2.2%, led by the Bonar 2038 (+2.2%) and followed by those of the Bonar 2041 (+1.3%) and the of Global 2030 (+0.7%).
Meanwhile, the country risk measured by JP Morgan banks rose 2 points or 0.1% to 2,385 units.
Source: Ambito
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