After a stumble on Thursday, Argentine actions advanced this Friday, in the middle of the local holiday for tourist reasons. The activity in general will resume Monday at its usual schedules.
The Argentine currency, shares and bond markets They remain closed this Friday by an optional holiday for tourist purposes in which there will be no financial task. In that context, the ADRs closed mixed and the Argentine bonds operated slightly positive this Friday, May 2, without major changes in the trend of the week.
In this context, the sovereign bonds in dollars rose up to 1.4% headed by the Global 2029, followed by the Global 2041 (0.8%). In this way, andThe country risk It remains virtually no variation at 741 basic points.
At the same time, Argentine shares closed with profits of up to 5.2%headed by bioceres, followed by Pampa Energía (1.3%), Central Puerto (1.3%) and IRSA (1%). While, the losses were up to 2.3%headed by Banco Macro, Telecom Argentina (-1.08%), Grupo Financiero Galicia (-0.9%) and BBVA Argentina (-0.8%).
The activity in general will resume on Monday at its usual schedules, after an inactivity that has come from Thursday with the holiday for the celebration of the “Workers’ Day”.
“It is repeated during the holiday that ADRS and bonds in dollars abroad fail Important progress in the “economic route” and the determined agenda of reforms underway. Beyond that, they are expectant of the readings that the agitated electoral calendar can contribute, with the eyes aimed at the CABA elections, in the prelude to those of PBA, especially in a political climate where they are perceived among the operators signals of nationalization of the elections, “said operator Gustavo Ber in his last report.
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Wall Street extended profits after US employment data
The “Risk Brigade” strongly returned to Wall Street, leading to the S&P 500 to levels not seen before the April tariff crisis. Solid employment data in the US and relaxes of relaxation in relations with China promoted optimism. The S&P 500 and Nasdaq 100 rose more than 1% on Friday. The dollar index fell, while two -year bonus yield – sensible to monetary policy – rose to about 3.77%.
The non -agricultural payrolls of April exceeded the forecasts, showing a labor market that, although it cools, remains resistant. This calmed the fears that President Donald Trump’s tariffs affect growth.
“These figures should not enliven inflation or change the course of the Federal Reserve, but they are positive in the short term for still fragile markets,” said Karen Georges, an Ecofi manager in Paris.
Source: Ambito
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