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Bonds in dollars operate with a majority of losses, while Argentine stocks rise after the XL holiday

Bonds in dollars operate with a majority of losses, while Argentine stocks rise after the XL holiday
Bonds in dollars operate with a majority of losses, while Argentine stocks rise after the XL holiday

The porteño bag extends decline this Tuesday, June 18 due to speculative purchases in a reduced week of only two business days due to local holidays. Meanwhile, the Argentine stocks that are listed in Wall Street they go up and dollar bonds record the majority of casualties, therefore, the risk country it keeps.

The leading index S&P Merval of the City of Buenos Aires stock market gives up 1.4% to 1,560,980.83 units, after accumulating an increase of 4.2% last week.

The Argentine markets remained closed on Monday for the commemoration of the “Passage to the Immortality of General Martín Miguel de Güemes”while on Thursday the “Flag Day” and on Friday a “bridge” holiday was arranged for tourist purposes.

Last week, the Senate approved with modifications a package of reforms promoted by the ruling party that must be endorsed by Deputies, while the data May inflationbelow analyst estimates, confirmed the trend of slowing price increases in the first part of the year.

On Thursday, the Government also received the IMF approval to the review of the agreement with Argentina, which activates a disbursement of US$800 millionand the INDEC reported that inflation slowed down 4.2% in May, which was the lowest figure since 2022.

“The attention of the week will continue in Congress, since after the approval of the Bases Law and the fiscal package in the Senateboth projects must be ratified by the Low camera to be turned into law,” said clearing and settlement agent Puente.

“In another order, the fiscal result will be known in May, which accumulates a surplus after debt interest equivalent to 0.2% of GDP in the first quarter,” he recalled.

Bonds, country risk and ADRs

The Argentine stocks that are listed in Wall Street operate with generalized increases, led by Central Port with an advance of almost 4%, escorted by Supervielle Group (+3.5%), Edenor (+3.4%), Gas Carrier (+2.9%), YPF (+2.8%) and Galicia Financial Group (+2.7%).

For their part, the dollar bonds give up to 2%, led by Global 2038followed by Global 2029 and 2046 with drops of -0.6%, the Bonar 2035 (-0.4%). Meanwhile, the debt securities that rise the most are Global 2041 (+1.2%) and Bonar 2038 (-0.4%). For his part, the country risk is located at 1,384 basis points.

Source: Ambito

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