Without reference to the bond market in New York, it is that The Buenos Aires stock market started the day slightly higher while Argentine stocks listed on Wall Street registered a majority of declines. This week will be key for the Government since the inflation, salary and basic basket numbers will be known on Tuesday, data that will serve as a thermometer to analyze how the real economy and the cost of living are doing.
In that context the S&P Merval it advances 0.6% to 1,975,973.89 basis points. The stocks that rise the most are BBVA Bank (3.2%), Supervielle Bank (+2%), and BYMA (+1.7%). Regarding the Argentine companies listed on Wall Street, those that fell the most are: Central Port (-3.1%), Ternium (-3%), and Macro Bank (-3%).
“At the local level, The slowdown in inflation and the consequent compression of rates improve the perception of stability and confidence in the Argentine marketwhich favors both bonds in pesos and those adjusted by CER. In terms of investment, fixed income and Argentine stocks represent attractive opportunities,” they explained from CEPEC.
Source: Ambito
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