The market continues in a positive rally after Javier Milei’s speech: bonds and ADRs rise

The market continues in a positive rally after Javier Milei’s speech: bonds and ADRs rise

The leading index S&P Merval gained 1% to 1,280,787 units, against its record in pesos of 1,334,440.11 points recorded at the beginning of last February.

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The Buenos Aires stock market operates in positive territory this Tuesday, April 23, although dollar bonds slowed their upward rally, one day after President Javier Milei announced on national television an unusual primary and financial fiscal surplus in the first quarter of the year.

The leading index S&P Merval gained 1% to 1,280,787 units, against his record in pesos of 1,334,440.11 points scored at the beginning of last February.

Argentina registered a fiscal surplus equivalent to 0.2% of GDP in the first quarter of the year, Milei announced on national television on Monday night, where he ratified his commitment to attack public spending to combat the high inflation that Argentines have endured for years. years.

Bonds and country risk

In that context, the sovereign bonds in dollars They operate with losses after climbing up to 6% on Monday. The falls are led by the Bonar 2041 (-1.4%); Global 2029 (-1.1%), the Bonar 2038 (-1%).

In turn, the risk country measured by JP Morgan it rebounded 1.2% to 1,162 basis points.

Source: Ambito

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