Investors await news on the country’s negotiations with the International Monetary Fund.
Dollar bonds end bullish streak.
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The Buenos Aires stock market is rising this Wednesday, July 12 and marks its highest daily increase of the month. This happens in the framework of a day with speculative shotsat a time when news about the country’s negotiations with the International Monetary Fund (IMF) to review goals and advance disbursements.
He S&P Merval by BYMA advances 2.2%to 432,180,320 units. All actions Firms in the energy sector lead the rises of Argentine papers, which operate with the majority of increases. First of all central port (+3.3%) and in second place Pampa Energy (+3.2%). In third place, the papers that rise the most are those of Telecom (+2.7%).
in the middle of a difficult local economic contextthe country will celebrate primary elections in august to define presidential candidates for the October general elections.
Argentine shares on Wall Street
In the New York Stock Exchange, Wall Street, shares of Argentine companies operate with majorities of raises. The leading papers are those of Macro Bank (+4.5%), YPF (+4.2%) and Pampa Energy (+4.1%). The only stocks going down are Bioceres (-0.3%).
Bonds and country risk
dollar bonds operate with low majorities and this way, cut a bullish streak. The ones that drop the most are bonar 2029 (-5.1%), Global 2035 (-2.3%) and Global 2038 (-2%). Meanwhile, the ones that rise the most are the Overall 2029 (+4.2%), the Bonar 2041 (+3.5%) and Bonar 2035 (+1.3%).
In that framework, the risk countrymeasured by the bank JP Morganfalls just one basis point and is positioned in the 1,981.
Source: Ambito
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