This happens on a day in which the market focus remains on the debate on the omnibus law.
He S&P Merval goes up this Friday, February 2, and is heading to register his third weekly rise in a row. This happens on a day in which the market’s focus remains on the omnibus law debatewhich this Friday resumed in the Chamber of Deputies.
In that framework, the leading panel actions operate with majority of go up. Those that advance the most are Silver Commercial Society (+6.5%), Argentine Stock Exchanges and Markets -BYMA- (3.1%) and Stock Bank (+2.7%). Meanwhile, those that give the most are those of Pampa Energy (-1%), BBVA (-0.7%) and Southern Gas Carrier (-0.7%).
Argentine shares on Wall Street
Meanwhile, the Argentine stocks that are quoted in the New York Stock Exchange (NYSE) have a negative session. In this framework, those that fall the most are Bioceres (-3.6%), Take off (-3.6%) and IRSA (-1.7%). Meanwhile, the only one that goes up is Free market (+1.3%).
S&P Merval is on track to record its third consecutive weekly rise: in what context?
Investors’ attention is once again focused on the Congresswhere the Government of Javier Milei seeks the approval of key laws to implement its economic plan.
Between intense negotiations to advance the call omnibus lawwhat includes company privatizations, co-participation to provinces and delegated powersthe Government resumed its discussion in Parliament after a fourth intermission arranged last night.
Milei eliminated the tax chapter of the original project with the objective of achieving political agreements and continuing with its proposal for changes.
He International Monetary Fund (IMF) extended the duration of the credit program with Argentina by US$44,000 million for three months to give the new government time to implement the current program to stabilize its economy and accumulate reserves, one day after it will approve and release funds following a review of the program.
With the funds unlocked by the IMF, the January principal maturity payment for about US$1.9 billion and today there will be a interest payment for about US$800 millionHe said SBS Group.
Source: Ambito
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