Both the actions like the bonuses Argentines they went up at the beginning of this Wednesday, January 15, after the inflation data of December which gave 2.7% and that the Central Bank (BCRA) lowered the “crawling peg” from 2% to 1%. Despite this, in the middle of the round they changed their trend in a climate of greater “caution”.
“We believe that, with the decline in the crawl, if the liquidation of exports intensifies (both spot and pre-financing) more sales may appear in the coming weeks. Even so, We cannot affirm that the trend is going to be bearish given that even with prolonged stability and without disassembly of positions in pesos, the currency remains firm. at the levels at which it closed and that, without intervention from the BCRA, it could even operate higher,” they said today from Outlier.
As for the stock market, global sovereign bonds closed on Tuesday at markets of the abroad with slight price increases (between +0.4% and +0.26%), which were greater in the local market (-1.19% and +0.99%). From Outlier, they also highlighted that on the previous day the equity recovered part of Monday’s losses (although in no case complete) thanks to the bank’s recommendations Santander about Argentine banks.
Shares and ADRs: how they are priced
On this day the S&P Merval It falls 0.7% to 2,714,269.48 basis points, measured in pesos and measured in dollars it falls 0.6% to 2,285.51 units.
The leading stocks that are falling the most are Aluar (-3%), Cresud (-2.9%), and Metrogas (-2.8%). As for the ADRsthose who advance the most fall: Cresud (-1.8%), Telecom (-1.6%), and Supervielle Group (-1.4%).
Bonds and country risk
The dollar bonds they quote mixed; the one that rises the most is the Global 2046 (+2%), and the one that lowers the Bonar 2041 (-0.8%). He country riskthe index measured by JP Morgan is located at 582 basis points.
Inflation in the United States: the key data for the markets
The inflation in USAmeasured by the change in the Consumer Price Index (CPI), increased 2.9% year-over-year in December, compared to the 2.7% registered in November, as reported on Wednesday by the Bureau of Labor Statistics of that country (BLS). , for its acronym in English). This figure was in line with market expectations. In monthly terms, the CPI rose 0.4%, after an increase of 0.3% in the previous month.
The core CPI, which excludes volatile food and energy prices, rose 3.2% year-on-year, below the November increase and analysts’ estimates of a 3.3% increase. The monthly core CPI rose 0.2% in the last month of 2024.
Source: Ambito
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