While, the ADRs of Argentine companies on Wall Street marked the majority of declines, in a day in which Mercado Libre and Edenor led that lot with a drop of 4.9%, followed by Cresud with 4.7%. “Taking into account the evolution they had in the last month, it can be considered ‘normal’ to experience a drop in their quotes in the short term”, considered Ayelén Romero, from Rava Bursátil.
“YPF continues to be in the news, although it was not the highlight of last week, the great advances of Vaca Muerta and increases in investments in said project mean that YPF increasingly attractive to investors,” he estimated. This day, the state oil company fell 1.1% but has accumulated a 34.2% profit so far in January.
For his part, foreign markets fell due to probable increases in interest rates in Europe and the United States given inflationary pressures. The technology sector was one of the most bearish of the day. According to the S&P 500 it fell 1.3%, to 4,018.18 units; while the Nasdaq Composite lost 1.9%, to 11,393.81 points. Meanwhile, the Dow Jones Industrial Average fell 0.7% to 33,723.61 points.
Country risk and Argentine bonds
The country risk stands at 1,828 points and the Argentine dollar bondsfor their part, show a downward trend for the most part, with falls of up to 3.3% of the Global 2041, followed by the Bonar 2035 (-1.3%). The one that rises the most is Bonar 2030 (+0.7%).
Source: Ambito
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