He local market operates mostly This Thursday in a square without forces, in the midst of local and external turbulence that create a marked aversion towards risk investments. Political and social tensions After a hard protest against the president’s economic adjustment Javier Milei They add to global concerns for the US tariff pressures and an inflation report in that country that reinforces the expectations of a future trimming of interest rates.
Under this panorama, the S&P Merval yields 0.9% to 2,274,396.23 units, after shooting 5.3% on the eve against wallet repurchases after recent recent.
In this way, the leading actions headed by the descents are IRSA (-3.5%), Supervielle Group (-1.5%), and Values Group (-1.3%). On the other hand, the ones that advance the most in the day are those of Mirgor (+6%); Cresud (+2.4%); and ypf (+1.7%).
For its part, The ADRs quote with a majority of falls on Wall Street. The most pronounced setbacks are recorded by IRSA and Edenor assets, which yield 3.4%, and 2.5%, respectively.
“The doubts about the economic plan and the volatility of international markets began a bassist tendency that began after the payment of coupons in January, when the bonds reached their maximums,”Said Delphos Investment. “In this context, the market adopts a position of ‘Wait and see’, Waiting for a new catalyst, such as the disbursement of the International Monetary Fund (IMF) or a forceful victory in the elections (mid -term), which could lead to country risk to resume its bassist tendency, “he said.
Argentina negotiates with the IMF a new credit agreement that would provide fresh funds to the country to consolidate the current economic program. Milei signed this week a decree of necessity and urgency (DNU) to advance the treatment without giving details of the negotiations.
“Inflation expectations for the coming months have shown a slight rebound, which suggests a resistance down despite the controlled movement of the official exchange rate,” Neix said. “In this context, the Central Bank kept the reference rate unchanged in February, which reflects the complexity of the current scenario and the high cost of postponing decisions regarding rates,” he said.
“Financial dollars are still very calm, with a BCRA that continues to accumulate reservations taking advantage of the greatest seasonality in the field of currency of the field ahead,” said economist Gustavo Ber. “Beyond tranquility, operators are still attentive to possible news about the exchange regime that could be included in the new program with the IMF,” he said.
Bonds and Risk Country
For its partArgentine bonds in dollars operate with falls in tune with the world context, where the American rate goes up with emerging bonds (Emb).
“The bonds have operated these days quite firm despite the volatility and aversion to world risk caused by the commercial war and the fears that this triggers a recession,” said the financial analyst Franco Tealdi.
In the local square, the dollar bonds, however they register a majority of casualties: the Global 2041 (-0.8%), the Global 2038 (-0.8%), and the Bonar 2030 (-0.6%).
In this context, the country risk Argentinean Made by the JP.Morgan Bank It climbed 14 units to 732 basic points.
On the eve the treasure awarded titles for an effective value of 4,458 billion pesos (about 4,182 million dollars) in a tender of six instruments to refinance maturity. “The tender was mostly aligned with market prices, covering almost all maturities, with a 97% roll and practically without monetary effect,” Max Capital estimated.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
