Dollar stocks and bonds fall as much as 4% amid Fed jitters

According to specialists, global risk aversion may continue to affect Argentine bonds: “We have multiple factors that could deepen these declines even further. Investors’ fear of default, the upcoming elections and the uncertainty of government policies also generate instability in bonds and the dollar. This year the course of Argentine investments will be marked by the electoral results and the firmness of the next measures. However, emerging countries will rely heavily on the aggressiveness of the Fed. Stronger policy will likely cause bonds to fall further. We are not alien to the globalized world”.

He risk country measured by JPMorgan, it remains stable at 2,123 points, unchanged from Friday.

For their part, the titles of Argentine companies that are listed abroad (ADRs) are trading mostly lower amid jitters on Wall Street. The main North American indices began to fall after the festival day on Monday. Chief among them, the Dow Jones of Industriales, lost a 0.90%in an environment in which the fears of a tightening of interest rates.

Within this framework, the ADR that sinks the most is that of edenorwith a drop of 4.15%, followed by Telecom Argentina (-1.29%). The ADR of Transportadora de Gas del Sur reflects a decrease of 0.71%, while Pampa Energy falls 0.69%. Meanwhile, the shares of MecadoLibre show a negative trend, falling 0.29%.

As for the increases, a 2.4% rise by BBVA stands out; while an increase of 2.22% is observed for Grupo Supervielle, 2.92% in the case of Banco Macro and Grupo Financiero Galicia, which recovered 1.95%.

The title of YPFwhich rises 1.84% and black hillwhich rises 0.98%, while Cresud and IRSA rise 0.44% and 0.22% respectively.