In that context, dollar bonds closed the day with the majority of gains headed by the Global 2038 (+3.7%), the Global 2046 (+3.2%), and the Bonar 2035 (+2.8%). In this way, global prices closed the week with an accumulated increase of 8.5%, reported Grupo SBS. For his part, The country risk measured by the JP Morgan bank dropped a significant 30 units, to 2,169 basis points, the lowest in six months. This index accumulates a weekly decline of 7.3%.
In the international arena, The US Federal Reserve -Fed- raised its monetary policy rate by half a percentage point on Wednesday and projected an additional increase of 75 basis points in borrowing costs by the end of 2023. The monetary entity also forecast lower-than-expected growth that could raise fears of recession.
In turn, in the local square, it was positively analyzed the inflationary data for November of 4.9%, lower than what was expected by the market, at a time when the central bank seeks to increase its international reserves. At the same time, the BCRA confirmed that it will maintain the reference rate to help “consolidate financial and exchange stability and reinforce the trend of gradual deceleration of inflation in the medium term.”
Shares and ADRs
The S&P Merval ended the week with a decrease of 0.2% to a provisional close of 165,109.56 points, In the midst of unstable price operations, said operators who also confirmed that the leading index ended the week with a loss of 3.6%, affected by the trend in external benchmarks.
Source: Ambito
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