In that framework, the S&P Merval gives up 1.5%until the 928,887.35 points. In this way, the stock index is on its way to registering its second consecutive week in decline.
The Actions that the more they fall are those of Northern Gas Carrier (-4.3%), Mirgor (-3.6%) and Telecom (-3.3%). While the only ones that advance are those of Stock Bank (+1.8%) and Cresud (+0.1%).
For their part, the Argentine papers that are listed in Wall Street operate mixed. Those who fall the most are those of Edenor (-5.4%), Take off (-2.3%) and Free market (-0.9%). Meanwhile, those that advance the most are those of Macro Bank (+1.5%), Cresud (+1.1%) and Central Port (+1.3%).
The S&P Merval falls: in what context?
Last Wednesday, the Argentine assets they celebrated the announced economic deregulation by the brand new Libertarian Government Javier Mileithrough a firm price consolidation given the optimism that the measures become a recovery platform for the country’s broken coffers.
Milei said Wednesday night in National chain who signed a decree which includes more than 300 measurements whose objective is deregulate the economywhich includes the removal of laws of price controls and of promotion of industrial activity.
The new president proposed a “deregulation ‘shock'”titled the Cohen Brokerage in his report of the day. “Are aim to deregulate markets and include repeals of several laws that establish price controls or favor specific sectors.
“The decree presents modifications in the labor regime, in the customs code and in the civil and commercial code. On the other hand, “prepares the ground for the privatization of public companies, in particular Aerolíneas Argentinas”he added to explain the welcome provided by the markets.
In radio statements, the president warned that “more are coming, they will soon find out,” through bills sent to extraordinary sessions of the Congress to “come clean about macroeconomic imbalances.”
Congress must analyze the constitutionality of the decreewhich is already in force due to its publication in the Official Gazette.
On the other hand, last Thursday Argentina faced a maturity of about US$900 million with the International Monetary Fund (IMF) to avoid entering into default within the framework of an agreement by US$44,000 million.
Source: Ambito
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