In this way, in Wall Street, the Argentinos Adrs came up to almost 7%, with strong advances of Supervielle Group (+6.7%), Edenor (+5.4%), Macro Bank (+4.4%) and BBVA (+4.3%). Among the most operated papers, they found themselves YPF (+2.9%), Supervielle and Fiananciero Galicia Group (+2.7%).
Among local actions, the roles that stood out most were those of Supervielle (+6.6%), BBVA (+4%) and Metrogas (+3.7%).
This Sunday the government received a boost at the polls When your candidate for Buenos Aires legislator, Manuel Adorni, It was imposed in the elections, when taking 30.13% of the votes, and was on top of Leandro Santorowho fought to become the main opposition force, and that was second with the 27.35%. Far ended the PRO with the 15.93%.
Operators and analysts estimated that The support received by the ruling at the polls creates an optimistic climate towards the consolidation of the economic program promoted by Milei. “The bulk of this adhesion has to do with the figure of Milei, the ratification of a course, of an address and, of course, in a tension that was played in this choice with whom he leads the non -Peronist space,” said Shila Vilker, a public opinion analyst of the Trespuntozero consultant.
“The legislative elections in CABA ended up rounding a perfect week for the Government, where the CPI (consumer price index) of April) fell to 2.8% and international level the commercial truce between the United States and China creates a better mood”said Roberto Geretto, of ADCAP Grupo Financiero.
For Marenco, from Gold Cocos, the political data is key: “In the previous election, the space that governs today had taken just 20%, even with Milei leading the list. This time the result was much higher, and that leaves it well stopped for the province and gives some air to the economic program at a delicate time.”
Looking ahead, the advisor anticipated that positive inertia could continue if a new slowdown of inflation is confirmed. “If the IPC data accompanies, the government can gain some political and financial margin to continue consolidating its road map,” He pointed out.
In a report sent to its customers, JP Morgan analyzed the impact of libertarian triumph in the city of Buenos Aires And he considered it a support for the polarization strategy promoted by the ruling party. In turn, he stressed that an agreement between freedom advances and the PRO in the province could influence not only the electoral scenario, but also in the dynamics of financial markets.
“Lla is consolidating its support in urban centers and continues to polarize against Kirchnerism nationwide, generating a dynamic that marginalizes options such as pro and radicalism,” The entity pointed out. And he added:“A possible pact with Pro Provincial figures could reinforce Milei’s impulse to October, mitigate exchange volatility in July and increase the chances of a market friendly result in September.”
Meanwhile, In the exchange market, the dollar ended up on Monday (for the first time in four days): The official wholesale exchange rate retreated 0.1% to $ 1,141, the futures and also the financial, leaving a exchange gap less than 2%.
In turn, Matías Waitzel, partner in AT Investmentshe argued in relation to the stock market: “Today’s movement was clearly for a political result that surprised the market a bit. I personally not so much, since I thought that the ruling party was going to do very well, and this validates a clear trend in favor of freedom advances for October.”
“The Merval, in prices, has a huge rise potential, as well as the hard dollar bonds. A clear result of the ruling is being consolidated and, under stable political conditions, the market has a lot of margin to continue uploading,” Waizel remarked.
Wall Street saved the wheel on the closure
In the US, meanwhile, Wall Street had started the day with strong casualties (around 1%), after the reclassification of Moodyp´sa the American debt last Friday, reducing its rating from AAA to AA1. However, with the passing of the hours, the purchase orders and The S&P500 turned, to end a slight advance of 0.09%. Meanwhile, Dow Jones climbed 0.3%, reversing a 0.7%drop at the beginning of the day, and Nasdaq finished the almost stable day (+0.02%). On the other hand, The 10 -year bonus rate advanced one point, reaching 4.45%, while WTI oil showed a growth of 0.3% au $ S62.71.
In another order, INDEC announced Monday that Wholesale inflation (IPIM) was 2.8% monthly In April (27% per year), accelerating 1.3 percentage points (PP) from the March figure. National products accelerated 1.1 pp to 2.6% monthly, while imported accelerated 4.7 pp 6% monthly, product of the jump of the wholesale exchange rate in the month.
Bonds and Risk Country
In the fixed income segment, Sovereign bonds in dollars climbed up to almost 2%, and the country risk accelerated its decline after closing at 676 points last Friday. The most outstanding advances of the day were for the Bonar 2030 (+1.8%), the Global 2030 (+1.4%) and the Global 2038 (+1.4%), on a day in which the Argentine titles decoupled from the rest of the region, especially in the first part of the day.
Also, the Bopreals operated more defensively and uploaded about 40 cents on average, He reported Grupo SBS.
Meanwhile, The CER segment was heavy and 0.2% average fell, The worst for the “Belly” (intermediate section) of the curve that lost 0.5%.
The Lecaps, In turn, they climbed up to 0.5%, while BCAPS They did the same with advances of up to 0.9%, with the exception of the T15E7 that fell 0.6%. In this way, the themes were located in the range 2,2/2.5%. For its part, The duals were not alien to the good day with increases of up to 0.8%, PPI detailed.
Source: Ambito
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