The stock index advances after closing November with a rise of 40% in pesos and 44.7% in dollars (CCL).
The Buenos Aires stock market rises again This Friday, December 1st, selective purchases. In this way, it strengthens the 39.77% improvement registered in November in view of economic expectations behind the triumph of the libertarian Javier Milei to assume the presidency of the country from December 10.
In that framework, the S&P Merval improves 2.1%until 830,362.59 unitsafter marking a historical maximum value of 936,059.11 units this week and after fall slightly on the front wheel.
He S&P Merval starts the month on the rise: In what context?
“Already There are only a few days left until December 10a moment from which investors anticipate that urgent economic measuresamong which those that aim to quickly achieve a fiscal balance and manage monetary excess for whose implementation will require broad political and social support,” said the economist Gustavo Ber.
Furthermore, a few days ago, Milei confirmed as Economy Minister to the financier Luis Caputowho must deal with a inflation that could be around 180% this year, a high fiscal deficit and negative net reserves in it central bank (BCRA).
Source: Ambito
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