The S&P Merval scores its fourth advance in five days this Monday, March 17, but the country risk go up again and touch the 750 points. This week, the market focus is on possible advances in government negotiations with the IMF, and in BCRA interventions in the change market.
In that framework, The local selective rises 1% to 2,358,674 points, but measured in dollars advances only 0.1% to 1,885 points.
The leading actions that increase the most in the day are those of Black Loma with the 2.4%followed by those of Ternium (+2.1%), Telecom (+2.4%) and Aluar (+2%).
In Wall Street, Meanwhile, the Argentine actions that ascend the most are Those of Corporation America (+7.3%), IRSA (+4.3%), Free market (+3.8%) and YPF (+1.8%).
“Uncertainty and anxiety persist, then A week after the decree, the IMF does not yet pronounce and amplify doubts about the times and conditions of the agreement. With the exchange policy in the sight, the tension climbed and the BCRA unexpectedly went from buyer to net currency seller, facing greater difficulties in accumulating reservations, “they said from Cohen.
For its part, It was known that the February CPI was 2.4% and analysts argue that only in April could drill 2% monthlyso experts warn that the exchange rate will continue to lose competitiveness.
Bonds and Risk Country
Meanwhile, the Bonds in dollars They operate with a majority of falls. The main ones are those of Bonar 2035 (-1.3%), the Global 2029 (-1%), and the Bonar 2029 (-0.5%). Instead, the only one that goes up is the Global 2041 (+1%).
Thus, the country risk bounces 1.4% a 747 basic points, according to the measurement of JP Morgan.
Source: Ambito
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