In this context, this day the sovereign debt in dollars ended lower. The biggest losses were for the Global 2035 (-1.6%) and the Bonar 2029 (-1.6%). In it cumulative of the monthfor their part, lead the descents: Bonar 2029 (-9.5%), Global 2030 (-8.2%), and Bonar 2041 (-8.1%). The country risk measured by the JP.Morgan bank rose 29 points, to 1,963 units.
“The market considered the monetary adjustment by the central banks finished. However, China’s higher economic growth will boost demand for commodities and could once again put pressure on prices globally“, said the Balanz brokerage. It should be noted that in February the Fed increased the reference rates by 0.25 points and anticipated more increases.
For its part, Research for Traders stated that “the market closely follows the evolution of international reserves (from the BCRA), inflation and the fiscal deficitin a year of political uncertainty due to the presidential elections”. This Friday the BCRA sold US$67 million to the exchange market but in During the week, the drain on reserves totaled sales of US$286 million, accumulating US$433 million in February.
Shares and ADRs
For his part, the leading stock index S&P Merval gained 0.67% to 249,897.5 points as a provisional close, with energy stocks as market favourites. “The Merval is preparing to close the week with a gain of more than 4%, but finds some resistance in the area of 250,000 points”said Alexander Londoño, analyst at ActivTrades
Source: Ambito
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