Argentine papers listed on Wall Street rise again amid Javier Milei’s trip to the US. IRSA soars almost 9% and YPF continues to generate profits.
The Argentine stocks that are listed in the United States rose this Monday in premarket and were preparing to extend their strong rebound from last week, at a time when the Argentine president-elect, Javier Milei, traveled to New York and Washington.
Shares of the state oil company YPF rose 3.6% on Wall Street, after climbing almost 56.9% last week. BBVA bank gains 5.0%, while IRSA Inversiones y Representaciones Sociedad Anónima jumps almost 9%.
Argentine stocks rose last week on hopes of more market-friendly economic policy after the victory of Javier Milei versus Sergio Massa.
Milei visits USA for personal reasons and political issues related to his new duties as of December 10. According to his spokeswoman, he will meet with White House officials, the American treasure and the International Monetary Fund (IMF) to explain his economic plan, a key trip for the beginning of his administration.
Developing.-
Source: Ambito
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