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ADRs climb up to 5%, but bonds operate with a majority of losses on Wall Street

ADRs climb up to 5%, but bonds operate with a majority of losses on Wall Street

The papers of Argentine companies that are listed in Wall Street they climb up to 5%. For their part, the dollar bonds that operate in New York fall slightly and they cut bullish streak. This happens within the framework of holiday for him Day of the Immaculate Conception of Mary which takes place in Argentina, so the local market does not operate.

Argentine stocks on Wall Street: how they operate this Friday

The Argentine stocks operate with most rises in Wall Street. The ones that are making the most progress are those of Supervielle Group (+4.8%), YPF (+3.6%) and Take off (+23%). Among those that decrease the most are those of Cresud (-3.9%), IRSA (-2.2%) and BBVA (-2%).

Argentine bonds in New York cut bullish streak

For their part, after a bullish streak, the Argentine sovereign bonds that are listed in NY operate with majority of casualties. Among them, those who give up the most are the Global 2029 (-0.9%), the Global 2035 (-0.3%) and the Global 2041 (-0.3%).

In that framework, the risk country -measured by JP Morgan bank- rises 0.5%or 9 units, up to 1,905 points. That way, break a bearish streak of six falls in a row.

S&P Merval: how the last business day before the new government ended

Last Thursday, the S&P Merval rose 5.3%until 941,829.88 units. In this way, the Buenos Aires stock market strengthened its ascending path and, from the runoff (November 19), accumulated a 46% gain, measured in pesos, while in Dollars the rise was 29%.

So far this yearthis reference accumulated a 366.1% gainmeasured in pesos, compared to a inflation that It could be around 180% in 2023.

Wall Street: how is the external front this Friday, December 8

The main Wall Street indices they go up this Friday, after a report on employment in the United States that pointed to a resilient labor market and tempered expectations that the Federal Reserve will cut rates of interest early next year.

The unemployment rate fell to 3.7%in front of the expectations to remain in the 3.9%while the average income increased 0.4% monthlydespite the fact that an increase of 0.3% was expected.

The bets the Fed will cut rates in March fell to 46.7% after the report, from 57.7%depending on the tool CME Group FedWatch.

Source: Ambito

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