“When it was announced that the entourage was traveling, the market reacted to the purchase, but now that data on what happened is not leaking, there are portfolio disarms, although optimism remains”, said an agent of the foreign bank.
The S&P Merval index of Argentine Stock Exchanges and Markets (BYMA) it lost 0.8%, to 85,872 points, after giving up 3.02% the day before for taking profits. The most salient falls of the day were led Cablevisión (-2.9%).
On Wall Street, the ADRs of Argentine companies operated unevenly, with increases of up to 1.5% led by Transportadora Gas del Sur and decreases of up to 2.4% in the case of Edenor.
Analysts agree that The chances of an understanding grow despite the differences between the parties on how to finance a fiscal consolidation, with the illusion of an agreement announcement before the end of the year.
Amid annual inflation slightly above 50%, according to private projections, The Government will defend its 2022 budget in Congress on Monday, while awaiting the entry of a multi-year plan that includes the bases of understanding with the IMF.
In the world, this Friday the US consumer price index was released, which rose to 6.8% year-on-year in November, the highest level in 39 years. This is an important piece of information to reveal the monetary policy that the Federal Reserve could develop, which will have an impact on a global level.
In the fixed income segment, dollar-nominated sovereign bonds took a break after a strong bullish rally and lost as much as 2.1% (Global 2030).
Thus, Country Risk, measured by the JP.Morgan bank, cut a streak of seven consecutive losses and it bounced 1.1% to 1,702 basis points.
Source From: Ambito
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