The BCRA board would keep its reference rate unchanged in Novemberthe same as the previous month, despite the inflationary pressure and the fall in its reserves, said a source with knowledge of the matter on Friday.
Shares and ADRs
BYMA’s S&P Merval index rose 2.4% to 156,274.59 points, after accumulating a 6.7% rise in the three previous rounds and compared to his previous all-time high of 154,031.5 points scored at the beginning of the month. The increases are led by the shares of Transportadora de Gas del Norte (+6.6%); Transportadora de Gas del Sur (+5.2%), and Pampa Energía (+4.2%).
While, the shares of Argentine companies listed on Wall Street climbed up to 7.5%, led by Tenaris and followed by Mercado Libre (+6.1%); and Globant (+5.4%).
At the local level, President Alberto Fernández is already in Indonesia participating in the G-20 summit (accompanied by Minister Massa), where he will also hold a meeting with the head of the IMF Kristalina Georgieva.
In the United States, the vice president of the Fed, Lael Brainard, slipped in an interview that it would be appropriate for the entity to start slowing down the pace of rate rises “soon”. Despite the dovish cut message, the S&P 500 alternated ups and downs to finally close with a fall of 0.9%, while the 10-year bond rate rose 7 bp to 3.88%.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.