After an agitated Tuesday, Argentine assets bounce hard and the government closes the day with a victory in Congress.
After difficult days due to the volatility of dollar and uncertainty For doubts about changes in the exchange scheme, the shares and bonds in dollars They achieved an important rebound this Wednesday after strong falls suffered in the previous day. This afternoon, it also closes with an important achievement in Congress, through the approval of the DNU that enables the agreement with the International Monetary Fund (IMF). In this way, the Low country risk after two rises to the thread that brought him closer to the 800 basic points.
In this context, S&P Merval advanced 4.5%to 2,392,030.00 points, where the main actions that stood out were Loma Negra (8.6%), gas transporter El Sur (6.4%), BBVA (6.3%), Supervielle Group (6.3%) and Banco Macro (5.2%). For its part, the S&P Merval measured in dollars stood out for an escalation of 5.5% to 1,859.40 points.
Meanwhile, the papers that are quoted on Wall Street, advanced up to 9.3%from Loma Negra, Bioceres (8.5%), Supervielle Group (7.5%) and South Gas Transporter (6.7%). In this case, the only decline was to take off at -0.5%.
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The government closed the day with a key approval in Congress
The Chamber of Deputies approved almost to the closure of the markets A presidential decree that authorizes Javier Milei’s government to close a new agreement with the IMF to obtain fresh funds, which helped to affirm stock market actions and collateral bonds.
Despite the fears for the future of the exchange regime and tensions on an agreement with the International Monetary Fund (IMF), investors demonstrated a relaxation of pessimism that dominated on Tuesday.
The approval allows Milei to close an agreement that, despite still unknown details such as the amount, It would bring tranquility to the markets and allow progress in the release of the capital marketwhich is currently paying a debt to the agency of US $ 44,000 million.
Bonds and Risk Country
In the fixed income segment, the dollar bonds operated with generalized increases of up to 2.8%of the Global 2030, Bonar 2041 (2.6%), Bonar 2030 (2.3%) and the Global 2035 (2.2%). In this way, the country risk moves away from the 800BP, and closed with a fall of 1.27% to 777bp.
Source: Ambito
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