With many doubts on the exchange front, added to the still inconsistencies of the agreement with the IMF, it is that investors look skeptically at the current moment.
In the face of external volatility and internal doubts, especially in the exchange level due to the uncertainties in the agreement with the International Monetary Fund (IMF), The local market remains expectant. So in Wall Streetlocal bonds started down and country risk It is located in the 750 basic points. In the local square, S&P Merval low 2.2%, and Actions They sink up to 6%.
“We repeat that Market unknowns almost exclusively go through external accounts and exchange planeso until we have some more color about which scheme it will end up adopting and since when, as well as the magnitude and schedule of disbursements, we could see volatility, “he said Juan Manuel Francochief economist SBS group.
LIVING FINANCE MARKETS ACTIONS BAGS INVESTMENTS
He S&P Merval It falls 2% to 2,295,398.98 basic points and among the leading actions that lower are the financial ones with: Metrogas (-3.8%), Northern Gas Transporter (-3.4%), and Edenor (-3.4%).
In Wall Streetmeanwhile, the Argentine actions that fall most are Edenor (-5.7%), Free market (-5.1%), and BBVA Bank (-4.6%).
Bonds in dollars
The Bonds in dollars They sink up to -2.3% by the Bonar 2038, followed by him Global 2041 with -1.5%, and finally the Bonar 2041 with -1.8%.
Bonds in pesos
From Delphos Investment They assured that both the Cur Curve like the Linked dollar bonds“They maintained their resilience to the market, reflecting the expectation of a possible acceleration both in the official exchange rate and in inflation.”
“In tune with these movements, The implicit inflation continued to rise, reaching a level of 25% by 2025. All this suggests that The market is no longer optimistic about the plan as it was doing a few months ago where the implicit scenario was the disinflation without devaluation, “they expanded.
Source: Ambito
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