The Buenos Aires stock market rises hand in hand with energy stocks

The Buenos Aires stock market rises hand in hand with energy stocks

The advances are led by the shares of Edenor (2.5%), Banco Macro (1.85%) and Banco Galicia (1.7%), while the most pronounced drops are recorded by Holcim (1.3%) , Transportadora de Gas del Norte (0.4%) and Valores (0.4%)

The boost (for oil) came from a renewed interest in the imbalance between production and the evolution of demandNow that the chairman of the US Federal Reserve has been optimistic about economic growth, “Cohen brokerage said.

Meanwhile, the external markets tended to affirm the upward tendencies after knowing the US inflation.

The world power’s consumer price index rose 0.5% month-on-month in December, following a Reuters poll that had forecast a 0.4% rise. In the comparison with the same month of the previous year, the index rose 7%, after an increase of 6.8%? in November.

Bonds and country risk

Sovereign foreign currency bonds closed mixed yesterday. The biggest loss was recorded by Bonar 2030, which fell 1%, while the biggest rise was in Bonar 2035, which rose 1.1%.

“Dollar-linked sovereign debt today was heavy and fell 0.3% on average along the curve, making it difficult at times to get decent bids especially in the long section (TV23),” said the SBS Group.

And he added: “The story was different for bonds in pesos with CER adjustment, since both bonceres and leceres continue to have good demand and rose 0.25% on average, with the long section (TX26 / TX28) standing out.”

Country Risk, measured by JP Morgan bank, rises 0.1% to 1,821 basis points, its highest level since December 1.

Source From: Ambito

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