In the same vein, local shares listed on Wall Street (ADRs) also start the day with the wrong foot; the papers most affected are those of Globant (-5,1%), Grupo Financiero Galicia (-4.7%), and YPF (-4.2%).
At the global level, the possibility of a Moscow invasion of Ukraine, although Russia denies any invasion plan, hit the emerging markets of Europe, the Middle East and Africa.
Regarding the domestic issue, the market’s attention is focused on the negotiations with the IMF. Argentina is also due to pay some $365 million to the body on February 1, before a hefty $2.9 billion due in March, with a BCR with scant reserves.
“The eye during the week will be on any indication of progress in the negotiations or references to the payment on Friday, which, if carried out, would set a good sign in terms of the willingness to close an agreement,” said the SBS Group.
In the fixed income segment, sovereign bonds in dollars lose up to 2.7%. Therefore, Country Risk climbs 36 units to 1,950 basis points, a new record since the debt swap with private bondholders in 2020.
Source From: Ambito
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