Argentine Adrs and bonds moderate with the agreement between the US and Mexico for tariffs

Argentine Adrs and bonds moderate with the agreement between the US and Mexico for tariffs

Both sovereign bonds like the Argentine actions They started this Monday, January 3 With strong losses, in a context of high global volatility when the recent measures of Donald Trump were known, but then they began to moderate the descents when the president Claudia Sheinbaum confirmed that he spoke with his American couple and He reached an agreement for 25% tariffs on Mexican imports to be paused.

At the local level, the economy enters a new stage with the reduction of CRAWLING PEG at 1%, accompanied by a decrease in interest rates and a temporary decrease in agriculture withholdings. In this scenario, Argentina continues to negotiate with the International Monetary Fund (IMF) A new program that could provide fresh funds to relieve exchange restrictions and strengthen financial stability.

Actions and ADRS

He S&P Merval It fell at the beginning of the 4% session but then moderated 2.6% to 2,497,501.60. Within that framework, the leading actions that lower were: Supervielle Group (-3.9%), Macro Bank (-3.8%), and Bank of Securities (-3.6%).

In Wall StreetMeanwhile, Argentine actions collapse up to 4.5% hand in hand Pampa Energyfollowed by Supervielle Group (-3.4%), and Cresud (-3.2%).

Bonds in dollars and country risk

The bonds in the local square descended up to 1.7% hand in the Global 2029followed closely by the Global 2035 and 2041 that lowered 1.5%, in that framework the country risk that measures the JP Morgan It was located at 618 basic points.

The data looks for the City about the local economy

“Finally, the expected BCRA rates came. The ‘Crawling Peg’ at 1% will surely bring lower inflation expectations and, therefore, the loss of rates may not imply a fall in the area REAL, “said Roberto Manretto, from ADCAP.

In addition, the SBS group He said that “the BCRA finally lowered the reference rates, leaving A larger carry rate since February, which we will believe will promote settlements in the change market“.” In addition, the IMF’s visit to Argentina culminated and we maintain that the focus of the conversations will most likely be the exchange plane, “he said.

“The BCRA finally lowered the reference rates, leaving a larger carriage rate since February, which we will believe will drive settlements in the change market,” said the SBS group. “Besides, The IMF’s visit to Argentina culminated and we maintain that the focus of the conversations will most likely be the exchange plane“He estimated.

“The appetite of investors remains sustained in the background, in the midst of successive recommendations from international banks, positive signals ‘macro’ and a growing expectation for a new agreement with the IMFthat could even contribute fresh funds to continue advancing towards the exit of the stocks, “said the economist Gustavo Ber.

Source: Ambito

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