In parallel, in tune with the good weather and Wall Street, the local shares listed on Nuwva York also trade with a majority of earnings, standing out those of Globant (4%), YPF (3.8%) and Banco Macro (3.3%).
The S&P 500 index of the North American stock market hit a record high after the opening of the market on Monday, after it was known that retail sales increased 8.5% during the Christmas shopping season, driven by the boom in e-commerce.
Nine of the benchmark’s top 11 industry indices advanced, with tech leading the percentage gains.
Within the Nasdaq, the shares of megacap companies, such as Tesla Microsoft, Apple, and Meta Platform, rose between 0.9% and 2.3%.
At the domestic level, investors’ attention is mainly focused on the evolution of the negotiations with the International Monetary Fund. A virtuous agreement for the country would ease the pressure on reserves, taking into account that in 2022 alone, almost US $ 20,000 million must be paid to the organization, when net reserves are around US $ 2,500. millions.
“Net international reserves will return at the end of the year to close to the minimum levels at the end of 2020, despite the positive current account balance, the persistence (and tightening) of exchange restrictions and the extraordinary income of SDRs (Special Rights of IMF transfer for about US $ 4.3 billion) in September, “said the consulting firm Ecolatina.
For its part, sovereign bonds in dollars registered increases of up to 3.7%, with good performances both among the titles issued under foreign law and among those released under Argentine law. In this context, Country Risk measured by JP Morgan bank fell 10 basis points, to 1,752 units.
Among fixed income assets in pesos, those indexed to inflation (CER) show further increases. In the context of an acceleration in price increases, these instruments accumulate increases of up to 128% in 2021.
Source From: Ambito
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