The declines “deepened when the Fed’s new ‘Dot Plot’ became known, which has implied higher rates for 2024“said the SBS Group.
In that scenario, the S&P Merval Index loses 1.7% and falls to 552,350.22after falling 2.5% on Wednesday, at a time when the US benchmark Dow Jones fell 0.5% and the Brazilian Bovespa lost 1.7%.
In Argentina, short-term political and economic doubts are accentuated weeks before the presidential elections, after Javier Mileiwhich proposes dollarize the economy and eliminate central bankwill leave behind the Minister of Economy and candidate in the primaries, Sergio Massa and the center-right candidate Patricia Bullrich.
He S&P Merval closed August with a rise of 43% and at the end of that month it marked a historical intraday maximum level of 690,781.66 points.
Shares and ADRs
In the leading panel of the Buenos Aires stock market, shares fall up to 4.6%, led by Silver Commercial Societyfollowed by BYMA (-4.3%); Mirgor (-4.1%); Transener (-4.1%) and Aluar (-3.6%).
On Wall Street, the papers operate with a majority of losses, the most important were Galicia Financial Group (-4%); BBVA (-3.7%); IRSA (-3.6%); Macro Bank (-3.1%) and Edenor (-3.3%).
Bonds and country risk
In the fixed income segment, dollar bonds operate with widespread casualties. Those who give up the most are Bonar 2035 (-3.8%), Bonar 2030 (-2.4%), Bonar 2029 and Global 2030 (-2.6%). For his part, the risk country -measured by JPMorgan- fell to 2,342 units.
Source: Ambito
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