At the local level, the growing inflation hitting the economy, which is expected to exceed 100% this year, and exchange rate pressures, maintain a cloak of doubts about the future of the economy.
The S&P Merval it lost 0.38% to 147,370.37 units, after falling 1.55% the day before and after scoring an intraday all-time high of 150,971.41 points on Monday.
The Merval”moves away from the level of 500 points (measured in dollars), standing 30 points from its maximum level in the year, but still 77 (points) from its value at the end of 2021, sustaining an accumulated gain (in dollars) in so far this year of 18.93%“said Portfolio Personal Investments.
“Let’s remember that just 42 wheels behind, the S&P Merval touched its 2022 low of 334 points. The comeback of the main Argentine stocks has been remarkable,” he added.
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars fell up to 2%, led by Global 2029, followed by Bonar 2029 (-1.1%), Global 2035 (-0.9%). In this context, the country risk measured by JPMorgan rises 0.4% to 2,399 basis points, its sixth rise in seven consecutive days.
Source: Ambito
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