At the local level, the Government faces the first relevant financial challenge due to the first large debt payment in the month of January, after the announcement of the REPO.
After two weeks fChristmas and New Year holidays, the markets resume their operations normally. At the local level, the Government is preparing to face an important debt maturity this week, after the recent announcement of the REPO. Besides, The publication of two key reports is expected, one from the Central Bank and another from INDEC. At the international level, relevant data from the US will be collected.
Tuesday
- The Market Expectations Survey (REM) for the last month of 2024 is known.
Central Bank of the Argentine Republic
Wednesday
- INDEC will release the report titled “Manufacturing industrial production index (manufacturing IPI)” for the month of November 2024.
- Information on construction activity will also be available in November.
- The BCRA will release the monthly monetary report.
Thursday
- At the local level, The Government will face its first major financial challenge of the year with the fulfillment of debt maturities for US$4.7 billion. This amount corresponds to bonds restructured in 2020, such as AL30, AL29, GD30, GD29 and AE38, which include capital and interest payments. According to the Ministry of Economy, headed by Luis Caputo, payments will be made as planned. To secure the necessary funds, a combined strategy was used that included advance purchases of foreign currency from the Central Bank of the Argentine Republic (BCRA) and obtaining a REPO loan with international banks. This can impact the value of the bonds and the consequent reduction in country risk.
- Unemployment claims (USA).
- INDEC releases the Mining Industrial Production Index (Mining IPI) for the month of November.
Source: Ambito
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