Although the speech contributed few novelties, the reaffirmation of the road map and the progress signs with the IMF renewed the expectations in a market that closed February with strong losses.
In full carnival holiday, markets show Optimism after Javier Milei’s speechwho reaffirmed the government map of the government and gave its first progress in negotiations with the International Monetary Fund (IMF). The president’s message in the legislative opening was well received by investors, promoting a positive reaction in international markets.
In this context, sovereign bonds climb up to 1.6%hand in the Global 2041, followed by the Global 2035 (1.7%), Global 2041 (1.6%) and the Global 2030 (1.6%).
Meanwhile, the actions that operate in New York rise up to 2.1%of the hand of IRSA, followed by Globant S (1.6%), Banco Macro (0.5%) and take off (0.2%).
The Buenos Aires Stock Exchange does not operate this Monday by the Carnival holiday and will not do so tomorrow, therefore it takes on special relevance what happens abroad and, in principle, in principle, The impact is with upward assets. The IMF announced on Friday that it had made progress in the design of the program with Argentina, while on Saturday the President, Javier Milei announced that he will send the project to Congress for approval.
Optimism in the markets: what left us Javier Milei’s speech before the Legislative Assembly
Fernando Marull, Fmya’s partner, described Milei’s speech as “positive” in dialogue with scope and stressed that the progress in negotiations with the IMF will be a key factor to boost the market. “There is still a specific step,” he said in reference to the president’s mention on the agreement.
Elena Alonso, CEO of Emerald Capital, stressed that Milei’s speech on a tax reform is in tune with the Private sector expectations to boost economic growth. “While this year it will be complex and highly volatile, I do not think it has a significant impact on the actions and bonds that are quoted abroad. However, we must be attentive when we are closer to the agreement with the IMF,” he contributed.
In the short term, the market indicates that the agreement with the IMF It should reduce uncertainty in exchange scene due to access to fundsand for a road map towards the exit of the exchange rate, which provides greater peace of mind.
News in development.-
Source: Ambito
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