The dollar-nominated bonds operate with generalized falls this Wednesday, May 1stheaded by the global ones, so the risk country extends up. Meanwhile, the Argentine stocks listed on Wall Street they also go down. In this way, the national assets that operate on the NYSE follow the trend of that market.
Hard currency securities operate in Wall Street operate with generalized falls, led by the Global 2035 (-0.6%), followed by Global 2046 (0.6%), the Global 2041 (-0.6%), the Global 2030 (-0.5%) and the Global 2038 (0.5%).
In that context, the risk country measured by JP Morgan rises 15 units (+1.2%) to 1,231 basis points.
At the international level, the United States yesterday learned new negative economic data that showed a increased labor costs and a deterioration of consumer confidence. In addition, this Wednesday also ends the meeting of the Federal Reservewhere it is expected to maintain its reference interest rate unchanged in the current range of 5.25%-5.50%.
In this scenario, the main Wall Street indices go down: the S&P 500 loses 12.49 points, or 0.25%, to 5,023.20 units; and the Nasdaq Composite It lost 28.63 points, or 0.18%, to 15,629.20 units. The only one who goes up is Dow Jones Industrial Average, which makes it about 63.31 points, or 0.17%, to 37,879.23 units.
At the national level, Deputies gave half a sanction of the Bases law and the fiscal packagepromoted by the Government of Javier Milei with the intention of “liberating” the economy. Likewise, also several of the chapters received the approval of the legislators that were discussed in a particular way, among which are the privatizations of public companies and the labour reform.
ADRs
For their part, Argentine stocks listed on the NYSE operate with a majority of losses. The most significant are those of Take off (-2.5%), Cresud (-2.1%), Macro Bank (-2%), Galicia Financial Group (-1.9%), IRSA (-1.5%) and Free market (-1.4%). On the contrary, the most unique ones that rise are Bioceres (+1.4%), Gas Carrier (+0.6%), Pampa Energy (+0.3%) and BBVA (+0.3%).
Source: Ambito
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