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Tuesday, December 6, 2022

Bonds in dollars continue their streak and climb up to 6%; country risk, minimum in 2 months

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William
William
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.
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For its part, the Buenos Aires stock market cuts a streak of five rises in a row. BYMA’s S&P Merval Index fell 0.1% to 154,946.75. Mirgor’s shares lead the declines (-1.2%), followed by YPF’s (-1.2%) and Banco Macro’s (-0.8%).

Meanwhile, the shares of Argentine companies listed on Wall Street operate with a majority of drops that reach up to 4.1%. Losses are led by YPF papers (-4.1%); Mercado Libre (-3.8%) and Transportadora de Gas del Sur (-3.6%).

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“The bets continue directed mainly towards those papers with greater liquidity as a result of which are the preferred vehicles for the rebalancing”, said the economist Gustavo Ber.

The upward trend of the last few days suggests a quick profit-taking, recognized market sources. Investors are keeping an eye on the difficult local economic situation with high inflation, high fiscal deficit with damaging spending and exchange rate pressures.

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Consumer prices rose 6.3% in October, with which they accumulate a rise of 76.6% so far this year and 88% in the interannual measurement. This day also The Central Bank once again parted with reserves and in November accumulated sales for some US$911 million.

Source: Ambito

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