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%).
Oil prices rebounded after the announcement of the move of the US embassy from Kiev to Lviv, in Ukraine, which was interpreted as a sign of an imminent attack. The price of a barrel of Brent from the North Sea gained 2.2%, to end at 96.48 dollars. A few minutes earlier, Brent crude had risen to $96.78 for the first time since September 2014.
In New York, the barrel of West Texas Intermediate (WTI) increased 2.5%, to close at 95.46 dollars. During the session, it reached its highest level since September 2014, at $95.82.
The United States announced on Monday the temporary transfer of its embassy in Ukraine from Kiev to Lviv, in the west of the country, due to the “spectacular acceleration” of the deployment of Russian forces on the border.
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.
The most relevant falls of the day were recorded by the papers of Macro Bank (-2.7%); Transener (-2.2%); and BYMA (-1.8%).
On Wall Street, meanwhile, Argentine stocks closed with a disparate trend: Edenor climbed 4.6% and led the day’s gains, while Supervielle and YPF led the declines, with falls of 2.8% and 2.4%, respectively.
“The deadlock in negotiations with the IMF stopped the natural candidates for a recovery, which are stocks in the banking sector,” VatNet Research said. 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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