The positive trend is consolidating in Argentine dollar bonds and this has a positive impact on the country risk. Meanwhile, stocks started the day on the downside.
The sovereign bonds in dollars maintain Uptrend of the previous day and mark the majority of increases this Wednesday, August 28 in Wall Street; thus, the country risk is approaching 1,500 basis points. actionsmeanwhile, are down in the local panel and in New York, but there is news about the approval of a new type of corn In the United States they promote the role of Bioceres.
Argentine dollar bonds climb to 2.1% on the day, led by the Global 2038followed by the Bonar 2030 and 2041which climb 1%, the Bonar 2038 (+0.9%) and the Global 2030 (+0.8%). On the other hand, the only one that falls is the Global 2041 (-1.1%).
Meanwhile, in the CER curvebonds operate with majorities of increases, led by the TZX25 (+0.9%), the TZX26 (+0.7%), the CUAP (+0.5%) and the PARP (+0.4%). Meanwhile, those that fell the most are the TZX27 (-3.7%) and the PAP0 (-1.9%).
Shares and ADRs
The actionswhile marking a negative trend in the day and fall until 2.5%. Macro Bank is the one that gives in the most, seconded by IRSA (-2%), BBVA (-1.8%) and Black Hill (-1.7%). The S&P Merval falls 0.7% This Wednesday, August 28th at 1,604,810.47 points.
In Wall StreetArgentine stocks are trading with almost generalized falls, although the action of Bioceres it shoots up 8.1%, after the United States authorized the cultivation of transgenic wheat HB4, developed in Argentina by Dr. Raquel Chan and her team at CONICET together with a group of researchers from the Universidad Nacional del Litoral and the company.
The Argentine papers that fell the most are those of Take off (-2.7%); Free market (-1.9%); IRSA (-1.2%) and BBVA (-1.1%).
Source: Ambito
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