In the international context, warnings that Russia could invade Ukraine conditioned global markets, which ended with most falls, while oil prices hit new highs in seven years.
Under this scenario, the titles denominated in foreign currency, which had started the round in red, closed without a uniform trend, while the country risk prepared by the bank JP. Morgan, it fell below 1,796 basis points.
Among the advances of the day, appeared the Bonar 2035 (+2%); the Bonar 2041 (+0.7%); and Global 2029 (+0.3%). Rather, the casualties were led by Global 2046 (-0.5%); the Bonar 2038 (-0.4%); and Bonar 2029 (-0.2%).
Most of the rises occur at a time when global markets were falling. US warnings that Russia could invade Ukraine at any moment hit world markets and pushed oil prices to seven-year highs.
S&P Merval and ADRs
In the Buenos Aires stock market, the S&P Merval stock index fell 0.4%, to 87,803.68 points, to the beat of the weakness of external stock markets, at the beginning of a week in which the arrival of quarterly and annual balances is expected, in addition to the retail inflation figure for January.
On Wall Street, meanwhile, Argentine stocks closed with a disparate trend: Edenor climbed 6.6% and led the rises, while Tenaris fell 2.2% and led the declines.
This week the arrival of quarterly and annual balances is expected, in addition to the retail inflation figure for January. The Consumer Price Index (CPI) of Argentina would have grown 4% in the first month of 2022, due to a strong increase in the “Food and Beverages” and “Recreation” items, according to the median of a Reuters poll.
“If an inflation record of between 3.8% and 4% for January is validated, the chances that the central bank (BCRA) will increase interest rates again with the aim of being able to fulfill the promise of interest rates will increase sharply. positive real interest”, said brokerage StoneX. “There should be a substantial rate hike to be able to cover the inflation rate that does not seem to slow down in 2022,” she added.
“The deadlock in negotiations with the IMF stopped the natural candidates for a recovery, which are stocks in the banking sector,” said VatNet Research. He added that “it is convenient to monitor the evolution of the geopolitical conflict in Ukraine, which could have unsuspected consequences if it deepens.”
Source: Ambito
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