The Minister of Economy, Luis Caputo, returned to Argentina to closely monitor the conversations with the international credit organization.
The S&P Merval breaks its bullish streak and loses 1.89%. Likewise, the country risk increases, Despite the Government’s optimism negotiation with the IMF. The technical teams of the organization arrived in Buenos Aires the day before and began meetings with different officials from the Ministry of Economy and the Central Bank.
In this sense, it is important to highlight that the Minister of Economy, Luis Caputowas in Washington with President Javier Milei. Originally, the idea was to accompany him to Davos Forumbut the arrival of the Fund delegation made returned to Argentina to closely monitor conversations.
So, the local selective falls to 2,628,622.19. The stock that falls the most is Comercial del Plata – COME (-2.8%), followed by Edenor – EDN (-2.7%) and Banco BBVA (-2.4%).
Argentine actions in the US
On Wall Street, Argentine stocks are also in the red. The one that falls the most is Bioceres (-2.17%), Grupo Supervielle, which lost 1.8%, and Telecom (-1.41%).
“It’s a red day today without a doubt. Global stocks are falling and bonds are expected to have a similar behavior,” says Eric Paniagua, of Epyca Consultores.
Country risk and bonds
The bonds lost up to 1.6% and the one leading the declines is the Global 2046 (GD46), followed by the bonar AL35, which falls 1.4% and the Global 2030 (GD30), which loses 1.4%. Consequently, the country risk rises 12 points (+1.88%) to 652 percentage points.
Source: Ambito
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