The S&P Merval rises cautiously and Argentine stocks fall up to 3.4% on Wall Street

The S&P Merval rises cautiously and Argentine stocks fall up to 3.4% on Wall Street

The Buenos Aires stock market advanced just 0.3% to 1,041,541.34 units in pesos.

Argentine News

The porteño bag The second round of the week starts with a slight increase while Argentine stocks in Wall Street They operate in negative territory.

In that context, the S&P Merval it advances barely 0.3% to 1,041,541.34 units in pesos. The main increases of the day in the leading panel are for Transener (+3.3%); Northern Gas Carrier (+3.1%) and Central Port (+1.9%). On the other hand, the losses are led by Cresud (-2.6%); Pampa Energy (-1.2%) and Mirgor (-1.2%).

On this Tuesday’s day, The agenda is marked by the trip of President Javier Milei to the Davos Forumand the discussion of the omnibus law in it National Congress which includes deep economic reforms.

Last week, The Government reached an agreement with the International Monetary Fund (IMF) and the historical inflation data of the 25.5% from Decemberwhich catapulted retail prices to 211.4% in 2023.

In line with the agreement which the Government arrived with the technical mission of IMFMilei has a bilateral scheduled with the head of the multilateral credit organization, Kristalina Georgievaduring your stay in Swiss.

Argentine stocks on Wall Street: how they operate this Tuesday, January 16

In NYArgentine stocks operate with generalized losses of up to 3.4%, led by Edenor (-3.4%); YPF (-3.2) and BBVA Bank (-3.1%). They only go up Central Port (+2.4%); Free market (+1.3%) and Telecom (+0.6%).


Source: Ambito

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