Meanwhile, the Buenos Aires stock market rebounds 1.1% to 166,245.67 points, after falling 3.08%, its biggest drop in four weeks, and scoring an intra-hour all-time high of 171,462.76 points on Friday.
The Allaria Ledesma brokerage recommended “buying” shares of the Argentine state oil company YPF given its encouraging business outlook, basically in the Vaca Muerta area, in the Patagonian province of Neuquén.
“We raised the estimated price for the end of 2023 from 5,375 pesos to 8,165 per share (…) The ‘target’ for the ADR is equivalent to 19.45 dollars,” the stock firm said in a report, compared to the 2,621 pesos that The paper is currently quoted in the Buenos Aires market.
AySA It expects high acceptance of its $500 million debt refinancing, with the incentive of a cash payment for creditors who accept the offer, sources with knowledge of the negotiations told Reuters.
Argentina-based e-commerce company Mercado Libre has filed complaints against Apple with regulators in Mexico and Brazil for anti-competitive practices, saying it has abused what it described as a monopoly in distributing apps for iOS devices.
Bonds and country risk
In the fixed income segment, hard currency titles sustained falls of up to 2% led by Bonar 2038, followed by Bonar 2029 and Bonar 2030 (-0.9%). Thus, the risk country Argentine measured by JPMorgan once again exceeds 2,300 basis points, after operating below this symbolic value for five consecutive days.
Source: Ambito
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