The Argentine papers listed on the New York Stock Exchange rise amid the uncertainty that reigns among investors about the US debt ceiling.
The argentinian bag adds its fifth consecutive day rising against Wall Street, due to inflation coverage, a situation that keeps shares at all-time high levels. For their part, the Argentine papers listed on the New York Stock Exchange rise amid the uncertainty that reigns among investors about the US debt ceilingafter on the eve of the opening of the markets, President Joe Biden and the Speaker of the House of Representatives, Kevin McCarthy, could not reach an agreement.
Learn more – Follow the price of the blue, official, CCL and MEP dollar in Argentina
In this context, the leading S&P Merval index rose 2.7% to its new intraday record of 348,242.86 points. The most outstanding actions of this day are energy and banking such as Banco Macro (6.7%), YPF (5.4%), Grupo Financiero Galicia (4.4%) and Transportadora Gas del Sur (4.15%) .
On Wall Street, the shares of Argentine companies advanced up to 5.4% led by Banco Supervielle, BBVA (5.4%), Banco Macro (5.4%) and YPF (4.7%). “The market trend is marked by the main ADRS, since they continue to be the papers that concentrate the tactical bets by the operators in a climate of greater volatility and sensitivitysaid one analyst.
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars sustain the recovery with increases of up to 3% thanks to Bonar 2041, Global 2029 (1.7%) and Global 2035 (0.8%). Bonar 2038, Bonar 2029 (-1.3%) and Global 2041 (-0.7%) fell to 3%. Thus, the risk country it remains below 2,600 at 2,588 basis points.
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