The market celebrates the fiscal surplus that helps rebuild the domestic macroeconomy, but the social cost raises a cloud of doubts.
The porteño bag It begins with a bullish bias this Thursday due to opportunity purchases after two previous days with profit taking, although the adverse external front does not ensure the trend for the rest of the day.
He S&P Merval it advances 1.4% to 1,219,256.27 points, while the Merval in dollars gains 0.7% to 1,149.15 points. Measured in pesos, the last two days it had lost 3.5% after the unusual jump of 6.7% last Monday.
The market celebrates the fiscal surplus that helps rebuild the domestic macroeconomy, but the social cost opens the veil of doubts.
In that context, the international stock markets move downward led by Wall Street after US inflation data slightly below expectations, putting pressure on the main indices with falls of up to 1.6%. Thus, Argentine ADRs operate unevenly with increases of up to 2% led by financial companies Banco Macro, BBVA (1.6%) and Grupo Financiero Galicia (1.6%).
Bonds and country risk
In the fixed income segment, dollar bonds They lost up to 3.6% led by Global 2038, Global 2041 (-2.9%) and Bonar 2029 (-2.2%). In this way, the risk country measured by JPMorgan rises 1.83% to 1,227 basis points.
Source: Ambito
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