Under this scenario, The S&P Merval stock market index of Argentine Stock Exchanges and Markets rose 0.8%, to 86,034.23 units, in full price readjustment after the sustained drop of 4% on Wednesday and its historical ceiling of 90,576.75 points recorded on Tuesday.
The gains within the leading panel were led by Cablevisión (4.3%); Aluar (3.3%); Cresud (2.8%); Grupo Financiero Galicia (2.3%); and Loma Negra (1.7%).
Conversely, the decreases corresponded to Richmond Laboratories (-1.8%); YPF (-1.6%); Edenor (-1.1%); Supervielle Group (-0.7%); and Telecom Argentina (-0.7%).
On Wall Street, the papers of Argentine companies ended the session with a majority of reds, among which stood out Edenor (-4.6%); Transportadora Gas del Sur (-3.7%); YPF (-2.1%); IRSA Commercial Properties (-1.7%); and Telecom Argentina (-1.5%). While, The gains corresponded to Ternium (2.1%); Globant (1.7%); Grupo Financiero Galicia (1.3%); Mercadolibre (1.1%); and Tenaris (0.7%).
The stock market round also echoed the situation in light of the proximity of mid-term elections in November, given worrisome data such as high inflation, a growing fiscal deficit and the slow renegotiation of debt with the International Monetary Fund (IMF).
Argentina will hold legislative elections on November 14 to renew half of the Deputies and a third of the Senators, where, based on the result of the September primaries, the ruling party could lose control of Congress.
The president, Alberto Fernández, will travel to Rome to participate in the G-20 meeting, where he will try to advance in the negotiation with the IMF to reach an agreement for the payment of the debt.
It was a great day for Wall Street, with the S&P 500 setting a new historical record, closing with a rise of 1%, in a day where third-quarter balance sheets continue to appear with positive surprises in most cases (today was the turn of Caterpillar, Ford, EBay and Amazon, among other familiar names).
For its part, the 10-year bond rate rose 3bp to 1.58%, while the Treasuries curve reversed between maturities of 20 and 30 years (2% and 1.98% respectively) for the first time since it was reintroduced. the 20-year maturity last year, highlighted a report from the SBS Group.
In the fixed income segment, Global securities in dollars fell by as much as 2.5%, with specal punishment for Global 2035 and Global 2038.
A) Yes, Risk country prepared by JP.Morgan bank jumped 1.5% to 1,694 basis points, its new record since the debt swap with private companies in September 2020.
In the peso segment, on the contrary, dollar linked bonds showed significant increases, with particular interest in the long section after Wednesday’s bidding: Q2V2 gained + 2%, and TV23 + 1.5%.
Meanwhile, titles that adjust for CER (inflation) posted increases of up to 1.7% (demand was seen especially in the middle section, with TX23 and TX24 gaining 1.5% on average).
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