The local stock market does not operate this Thursday, April 6 due to the Easter holiday. However, shares traded on the New York Stock Exchange are mixed with some falling as much as 4% and others rising more than 5%.
The world stocks trade lower this thursday and US Treasury yields are hovering around multi-month lows, as traders awaited crucial employment data in the world’s largest economy that could add to growing concerns about a global economic slowdown.
Equity investors avoid placing big bets in the run-up to the Good Friday holiday, when the monthly report on stocks will be released. nonfarm payrolls in the United States, the MSCI index of world stocks was flat.
In this context, most of the ADRs of Argentine firms are trading lower on Wall Street, although with slight falls. The titles with the most significant losses are those of Take off (-4%), Free market (-1.6%) and cresud (-6%).
In the opposite direction, the papers of Telecom (+5.1%), central port (+2.5%), edenor (+1.8%), Supervielle Group (+1.7%), Bioceres (+1.4%) and YPF (0.1%).
On Wednesday the Government announced a special exchange regime to strengthen the reserves of the central bank. In summary, it launched a new edition of the Export Incentive Program, known as the soybean dollar or agricultural dollar, which will offer $300 for every dollar obtained from the export of oilseeds and their derivatives and some products from regional economies that will be detailed. in the coming days but that already have the support of the peanut, corn, wine, fishing, and tobacco chambers, among others.
Source: Ambito
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