Argentine assets are trading in the green after the approval of the Bases law in the first operations before the market opening.
In the first market reactionsafter the approval of the Bases lawArgentine stocks on Wall Street operate with a majority of increases, as do dollar-denominated bonds, as the market anticipated. However, without any euphoria to highlight so far.
In that context, andl Global (GD35D) leads the increases with 1.5% followed by the Global GD41D with 1.1% and the Global GD46D 1%. For the rest of the sovereign bonds denominated in dollars, the increases are marginal, but the wave is green.
For the shares listed in the New York market, the same thing, they all operate in green and the increases are led by them Tenaris with more than 3%; Grupo Financiero Galicia rises 2.4%; Vista Energy 2.4%; the Loma Negra cement company with 1.1%.
As the economist explains Gabriel Camanothe reaction is expected to be positive, with the sanction of the Bases law and reincorporation to the fiscal package of Profits and Personal Assets “this focus of uncertainty is closed and a stage is reaffirmed where the market increasingly focuses on the delivery of specific issues: flexibility of the stocks” .
News in development.-
Source: Ambito
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