It is worth noting that the benchmark reached 1,969 points last week, a record since the swap with private bondholders in 2020.
“Although the agreement has not yet been formally signed (there are technical negotiations, bureaucratic steps and ratification in Congress) it is a sign that clearly increases the chances that it will actually materialize during this quarter,” said the consulting firm Ecolatina.
“Without a change in the macroeconomic regime, Argentina will not be able to get out of the long-term stagflation in which it finds itself immersed, regardless of the political position of the government in power, and that is far from being dealt with in the light agreement,” he added.
The understanding reached between the parties must be approved by the Argentine Congress and by the IMF board.
Stocks and ADRs
Meanwhile, the S&P Merval advances just 0.1% on this wheel up to 88,328 units. On Friday it gained 2.7% and accumulated a weekly gain of 5.6%.
On Wall Street, Argentine stocks (ADRs) operate unevenly. Among the gains, the papers of Irsa (+6.4%), Mercado Libre (+2.7%) and Globant (+2.7%) stand out, while the losses are led by Grupo Financiero Galicia (-3.5 %) and Banco Macro (-3.1%) and Banco Supervielle (-2.7%).
Source: Ambito
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