He S&P Merval of Argentine Stock Exchanges and Markets (BYMA) record a go up this Tuesday June 6th, surpassing the historical record level reached on the eveby taking positions as hedges before the growing economic uncertainty.
The leading stock index S&P Merval even better 2.99%to 371,621.27 points, after registering your intraday all-time high of 372,180.71 units in the first business
The lead panel actions rise up to 8.3%headed by Macro Bank. In second place is the supervielle bank with a rise of 7.9%. The actions of the BBVA Argentina ascend 6% and complete the podium.
Find out more – I followed the price of the blue dollar, official, CCL and MEP in Argentina
“He Stock market Is seen as refuge from rising inflation and financial difficulties a few months before the elections (primaries in August and presidential in October)”, said a stock trader, noting that “shares with ADRs are preferred due to their greater liquidity”.
In the midst of an inflationary escalationthat could exceed 130% this yearcommitted Central Bank reserves and high public spending, the Ministry of Economy announced a conversion of assets to clear maturities.
In addition, the Government managed on Friday to renew and expand the currency swap line with China that would give the Central Bank (BCRA) room to support the price of the dollar, and appease inflation, while negotiations continue with the International Monetary Fund to review targets and disbursements at times of low international reserves.
“The government’s objective is the total recalibration of the goals, together with the corresponding ‘waiver’ for the goals not met in March and an advance of the disbursements planned for the second semester with a percentage available for exchange interventions,” Delphos Investments said.
“However, it is difficult for the Fund to accept all these requests without greater demands for fiscal adjustment and an exchange rate correction in the short term, which would complicate the chances of the pro-government coalition in the presidential elections,” he estimated.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
