He S&P Merval It falls strongly to the bad international mood generated by the commercial war that unleashed Donald Trumpand within the framework of the negotiations with the International Monetary Fund (IMF) In order to renew a loan that could provide fresh funds to the country to strengthen the economic stabilization plan.
So S&P Merval falls 3.2% to 2,188,878 basic points while the most low actions are: Edenor (-5%), BBVA Bank (-4.7%), and Pampa Energy (-4.3%).
“The idea of the government is not to delay the approval of the new agreement with the IMF and, on the other hand, avoid a new episode of wear and tear in Congress”they held from Wise Capital.
Thus, the national administration announced that will issue a decree of necessity and urgency (DNU) instead of sending a bill. In this way, authorization only requires without any technical analysis of its content. “You need the approval of one of the cameras to get effective”they explained from the same entity.
“Show advances with the IMF is key to a market that continues to lateralizewhile economic data continue to provide positive news: collection continues to recover and recent rains improved the water condition of soybeans and corn, so harvest estimates remain high. Industry and construction stumbled in January, but the trend is upward, with recovery in most sectors, “they said from Cohen.
For their part, they completed when “The weakest pillar remains the external front and international reserves”because March started with currency sales and net reserves remain in negative terrain.
Country risk and bonds
In the fixed income segment, the Bonds nominated in dollars operate with generalized casualties, up to 1.9%, by the hand of Global 2046. They are closely followed by -1.2% Global 2035, Bonar 2038 and Bonar 2029.
Indeed, the country riskthe index that measures the JP Morgan, exceeds 700 points and is located in 706 units.
Source: Ambito
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