The Buenos Aires stock market is trading on the rise on Thursday amid portfolio rearrangements after Tuesday’s climb until his historical maximum in pesos given the legislative support that the call achieved “Bases Law” promoted by the Government to deregulate the economy through liberal reforms.
He S&P Merval It advances 0.9%, to 1,335,996.8 units, against its record of 1,360,231.99 points recorded in the previous session and after an increase of 9.07% in April. The markets were inactive on Wednesday for ‘Worker’s Day’ with a good day for ADRs but not so for sovereign bonds.
On the external financial level, the United States Federal Reserve (Fed) held rates steady on Wednesday and signaled that it continues to lean toward an eventual reduction in rates. borrowing costsbut warned of disappointing inflation readings and suggested possible stagnation in the movement toward greater balance in the economy.
Source: Ambito
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