Argentine bonds and stocks are beginning to recover slightly after the blow of the sharp fall in the markets experienced the previous day due to a global collapse in the stock markets.
After a Monday marked by the collapse of markets around the world, Analysts in the city of Buenos Aires anticipate that this Tuesday the Argentine stock market will see a slight recovery, in line with the trend of the Japanese stock market, which rebounded strongly in the early morning, although they do not rule out a strong level of volatility.
Let us remember that, As a result of the expectation of a recession in the world economy as a domino effect of the outlook for activity in the United States, a crash occurred in international markets.This Monday, which had repercussions on all the world’s stock markets and strongly affected emerging markets, including Argentina. This will be an event that will be remembered in world financial history for the magnitude of the falls it caused. And this Tuesday a slight recovery is seen.
Bonds and shares: the expectations of the city after the “crash”
“Last night, early this morning, it was seen a strong recovery of the Japanese stock market And that, although it was a very strong rebound after the abrupt fall on Monday, for now No major increases are seen in the rest of the financial markets. And, in the local square, The bonds barely show any green very much the NY law bonds“, he points out Ambit the market analyst Leonardo Svirsky.
In that sense, JJuan Pedro Mazza, Cohen’s strategist, He also points out that “the extreme 10% rebound in the Nikkei early this morning gives us the signal that the worst is over very quickly.” In this context, he points out that the American indices are opening higher, but to a much lesser extent.
“The S&P is up 0.4% and the Nasdaq, 0.6%. Thus, Argentine assets are expected to recover in today’s session; being high-risk, the rise should be greater than that of the US indices,” Mazza points out. However, a “tepid rebound for now” is seen, he points out from Epyca Consultants analyst Eric PaniaguaWe will have to wait and see how the day continues, but, in his view, it is expected that “uncertainty will begin to subside and there will be an improvement in the trend for equity and emerging bonds.”
Note in development.-
Source: Ambito
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