Fixed income represented 67% of the total traded in the domestic market and GD30 global bonds were the ones that generated the most volume in the retail market, with a rise in price of 2.8%.
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 near 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 SDR (Special Rights of Giro) of the IMF for some US $ 4.3 billion in September, “warned the consulting firm Ecolatina.
“The reserve shortage will continue to pose challenges in the foreign exchange landscape during the summer, where the large wheat harvest has not yet translated into a substantial foreign exchange surplus for the Central Bank,” added Delphos Investment.
Among the securities in pesos, those indexed to inflation (CER) showed further increases. In the context of an acceleration in price increases, these instruments accumulate increases of up to 128% in 2021.
Actions
The S&P Merval stock index had intraday ups and downs and finally ended with a 0.3% drop, to 84,570.45 units, in a reduced and selective business context.
The equity market recorded a volume close to $ 3,250 million, of which more than 70% corresponded to Cedears.
ConverselyIn line with the good weather on Wall Street, ADRs culminated with a majority of gains, standing out those of Edenor (5.7%), Grupo Financiero Galicia (4.5%) and Banco Macro (4.3%).
The S&P 500 index of the North American stock market closed on Monday at a record high, after it was known that retail sales in the US increased 8.5% during the holiday shopping season, driven by the boom in e-commerce.
Monday’s advance marks a fourth straight session of gains for major Wall Street indices after encouraging news last week related to the omicron variant of Covid-19 eased concerns about the economic impact of this new strain.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
