Argentine actions climbed up to 9% on Wall Street and the country risk closed below 700 points

Argentine shares climbed this Thursday to almost 9% on Wall Street, while the country risk pierced the 700 basic points, With investors attentive to The evolution of the exchange rate after strong volatility of the last wheels.

In the US Stock Exchange -which had a positive day -Argentine assets scored generalized advances in the New York Stock Exchange, led by Bioceres (+8.8%), free market (+6.5%), Globant (+5.9%), Energy view (+3.6%), and IRSA (+2.4%).

For its part, the S&P Merval rose a slight 0.1% to 2,061,722.21while in dollars it rose 0.8%. Among the most operated papers, they stood out YPF (+0.8%), Galicia Financial Group (+0.3%), and Pampa Energía (+1.2%).

The Argentine oil company reported on Wednesday a loss for 10 million dollars in the first accounting quarter of the year.

“It was a wheel from least to greatest for Argentine shares that had started negative, coupled to the global market. The wholesale dollar found a flat around $ 1,100. The main objective of the government remains to collapse inflation,” commented to Scope Dante Ruggieri, director of AT Investments.

On the day, the official dollar deepened its decline (Wholesaler gave up $ 1,114 and retail up to $ 1,130) And he already accumulated a setback of up to $ 80 so far this week. The government of Javier Milei struggle to strengthen the weight to the low zone of the divergent flotation band that began in the middle of April in the 1,000 pesos of floor and the 1,400 roof. “The government is doing everything for the dollar to fall and for this a greater flow of dollar agriculture is expected in these two months because the withholdings will increase in the middle of the year”said analyst Matías Battista.

“Weights are missing because the (economic) activity is reactivated and there is no monetary issuance, which emerges the operations of ‘Carry Trade’ (commitment to interest rates). There is a strong intervention of the central bank in the market (exchange rate) of futures to correct any expectation of online devaluation to which inflation can be collapsed in three months,” He said.

Investors gave the rejection by the Congress to the project of Clean file (Initiative that prohibited people convicted of corruption accessing public office), a step that the Peronist opposition considered that it aimed to prevent former President Cristina Kirchner from being a candidate for a national position.

At the global level, US President Donald Trump announced a new commercial agreement with The United Kingdom, which includes the reduction of the American tariff on British cars from 27.5% to 10% for a quota of up to 100 thousand units per year, the elimination of tariffs on steel and British aluminum, and greater access for American agricultural and chemical products.

In return, the United Kingdom promised to eliminate non -tariff barriers and to acquire Boeing aircraft for 10,000 million dollars. While the US will maintain a 10% general taifa on other British products, which would generate income for 6,000 million dollars, Both parties highlighted the agreement as an impulse to the bilateral relationship and a strategic step after the recent protectionist measures imposed by Washington.

The announcement of the trade agreement generated “a positive reaction in financial markets,” said Aurum Securities. In Wall Street, the main stock market indices recorded increases: The S&P 500 won 0.6%, Dow Jones, 0.6%, and Nasdaq, 1.1%. Optimism also extended to other assets, such as oil, whose prices increased around 3.6%.

Bonds and Risk Country

As for fixed income, the Bonds in dollars They quoted with a majority. Thus, the ones who most advanced were the Global 2046 (+1.9%), the Bonar 2041 (+0.9%), and the Global 2025 (+0.7%).

Thus, the country risk, index that measures the JP Morgan, He went down to the 678 basic points, the lowest level since mid -February. Milei himself celebrated on his personal account of X the fall of the country risk to less than 700 points.