Argentine shares and bonds in dollars They recovered with more on Tuesday, April 22, after suffering on the previous day landslides of up to 14%. The market seemed to put aside concerns about the Commercial War And the threats of Donald Trump against Jerome Powellholder of the Federal Reserve.
The news of the day for the local market was, without a doubt, the statement of the US Treasury Secretary, John Besent, who confirmed that, in case of an external shock, financial assistance would be provided to Argentina, which promoted the “Hard Dollar” titles. In this sense, Besent said that USA Evaluate to use the exchange stabilization fund (ESF, for its acronym in English) to attend the country, provided that the Argentine government maintains the course of its policies. The ESF, created in the 30s, has already been used more than a hundred occasion to stabilize foreign coins, challenged from PPI.
In a notable recovery, the S&P Merval de byma He advanced 5.8% to 2,163,891.01 basic points. The Actions that the most rose, in this context, were: Metrogas (+12.2%), Northern Gas Transporter (+9%), and Cresud (+8%).
As for ADRSthose who stood out on the wheel were those of Supervielle Group (+5.8%), Macro Bank (+5.1%) and, BBVA Bank (+5%).
On the day, Wall Street managed to recover thanks to a series of reports of quarterly results and indications of a decrease in commercial tensions between the United States and China that attracted buyers. A broad rebound promoted the three main US indices in more than 2%after investors ignored the rhetoric of President Trump against the Chief of the Fed, considered widely as a stabilizing force for the markets. The president of the Fed of Mineapolis, Neel Kashkari, consulted about Trump’s attacks to Powell said that The independence of the Central Bank is essential to obtain better economic results.
Uncertainty about tariffs led to the International Monetary Fund to drastically cut its economic growth forecasts for 1.8% in 2025.
Bonds and Risk Country
With regard to fixed income, Bonds in dollars They rose up to 3.7% hand in the Global 2038, followed by him Bonar 2030 (+3.2%), and the Global 2035 (+3.1%). The country risk, index that measures JP Morgan, was located in the 720 points basic
In turn, the Bopreal won about 20 cents average, with the exception of the 1-B series, which gave 50 cents.
On the other hand, The CER segment deepened its fall and fell 0.8% average along the curve, The average stretch being better standing than “only” yielded 0.3%.
The fixed rate segment operated erratic alternating Hijas and casualties along the curvebeing on average almost unchanged.
Finally, the Variable section (dual and tamar) It was the best of the pesos segment rising an average 0.6% (only the TTM26 that fell 1.3%) was differentiated.
Source: Ambito
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