“For now, It’s a quiet startboth locally and internationally. It is expected that the comments that Milei may make this week on his international tour may catalyze the rise of Argentine assets, but at the moment that is not being seen,” Eric Paniagua, from Epyca Consultores, told this media.
The president then has a meeting scheduled with the founder of Tesla and owner of the X social network, Elon Musk, and a meeting with the US Council on Foreign Relations.
A critical presentation is expected on Tuesday at the General Debate of the 79th United Nations General Assembly, as well as bilateral meetings with the President of Ecuador, Daniel Noboa, and the head of the European Commission, Ursula von der Leyen.
Last week, country risk fell by almost 6%, while in September, bonds have registered gains of up to 12%, partly favored by the good prospects generated by the Fed’s rate cut for emerging markets. More importantly, ADRs have shown gains of up to 26% so far this month.
At the local level, attention is focused on the tender for Lecaps and CER bonds, which the Ministry of Economy will carry out this week with the aim of obtaining “genuine” financing.
Source: Ambito
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