Opening of sessions: this is how the markets expect Alberto Fernández’s speech

Lupieri considers that, given the latest presentations, it is to be expected that also “speech falls short” and that it is not a factor that manages to put public debt and shares in the green today on the panels.

Some voices have little expectation

In this sense, the economist expert in markets Christian Buteler points out that there is not a very expectant market before Fernández’s speech this Wednesday and believes that this is due to the fact that the president “is going through his last year in office and has a strong wear and tear, for which he considers that what he can say will not be very incidental to the tendency of the markets in the day”.

And it is that, as Alra points out, “the market, today is more focused on the elections this year than in the opening speech of the sessions, although the government that is saying goodbye is looked askance, but more attention is paid to the possible paths that the next administration could choose ”.

Mateo Reschini, Inviu’s Senior Research Analyst, has the same perspective, sustaining that “there is not much expectation of what the president may say in terms of announcements at the opening of Congress”.

The points that can be key

However, he does not rule out that it could be decisive if he manages to announce something regarding what has been agreed with the International Monetary Fund (IMF) in terms of making goals more flexible. “We are waiting for that, mainly, because the BCRA reserves are far, at this moment, from the goals”, Reschini maintains.

Likewise, the expectation is set on the surprises that could emerge from the conformation of the candidates of the ruling party, given that the opposition front already seems to be quite predictable. And some traders believe that, at some point, the Argentine capital market should begin to digest electoral expectations and thus begin to decouple from global pessimism.