During the day, the shares with the highest rise were Grupo Supervielle (+3.7%), Cresud (+2.9%) and Grupo Financiero Galicia (+2.9%). And the most representative losses were recorded by Agrometal (-4.5%), Telecom Argentina (-3.2%) and Ternium Argentina (-3.1%).
On Wall Street, the S&P 500 lost 0.03%, to 4,136.03 units. While, the Nasdaq Composite rose 0.6%, at 11,959.08 units; while the Dow Jones Industrial Average fell 0.5%, to 34,081.52 units.
In this context, Argentine securities listed on the New York Stock Exchange rose to 5.7% hand in hand with IRSA and Cresud (+3.5%). Meanwhile, Bioceres (-2.5%) and Telecom Argentina (-2.5%) fell.
in the day, the monthly CPI data was released, which was in line with what was expected by analysts, who had shown an average advance of 5.9%, accelerating 0.8 tenths compared to December. The largest increases were registered in Recreation and culture (9%); Housing, water, electricity and other fuels (8%); and Communication (8%). While Food and non-alcoholic beverages registered 6.8%.
For his part, inflation in the United States in January was higher than expected, although less than the previous month. In this way, inflation in year-on-year terms rose to 6.4% above the expected 6.2% and below the 6.5% of December, which continues to confirm the slowdown in price risesbut not at the desired rate. This data will be key for the next meeting of the Federal Reserve (Fed).
“The market moves with highly liquid assets and they are those that allow you to place yourself under the shadow of inflation and devaluation. It is already discounted that retail prices may be around between 5.5% and 6.5% in January, nothing will change the decision because the final number has been made official”said analyst Marcelo Rojas.
An IMF mission is carrying out a review of the country’s accounts, within the framework of the agreement signed a year ago that establishes goals for the accumulation of BCRA reserves and the financing of the fiscal deficit, among other objectives.
Bonds and country risk
In the fixed income segment, bonds fell again to 1.5% led by Global 2041, followed by Global 2029 (-1.4%) and Global 2035 (-1.2%). On the contrary, it culminated in a rise Global 2038 with an advance of 2%.
Regarding the titles in pesos, in the CER papers, increases were observed throughout the entire Leceres curve, standing out the X18S3 that rises 2.7%. For his part, the Bonceres finished mixed alternating slight rises and falls, highlighting the rise of 0.9% in the TX28.
Thus, the country risk measured by JPMorgan rises 0.46% to 1,975 basis points.
Source: Ambito
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