The local selective that opened the short week for Christmas higher, changed the trend and is now falling. Despite this, it accumulates a gain of 10.8% in the month, and 169.2% in the year.
He S&P Merval It falls 0.4% measured in pesos to 2,456,959.44 points, while in dollars it falls 0.5% to 2,103.74 units. This happens the week The Government completely revoked the PAIS Tax.
In that framework the actions Those who fall the most, among the leaders, are: Supervielle Bank (-3.6%), Macro Bank (-2.6%), Metrogas (-2%).
Regarding fixed income, the country risk measured by JP Morgan is located at 670 basis points. Bonds in dollars operate unevenly: those that rise the most are those Bonares 2038 and Global 2046 with 0.1% and the one with the lowest Bonar 2030 (-0.8%).
“When (Milei) took office, many people said it’s not going to happen, a little because of this style he has, a little aggressive and saying things that one said ‘he’s not going to be able to do this’, everyone said ‘it’s not going to happen.'” to get to March,’ ‘this isn’t going to work,’ and then, well, I’ll say it seemed to be a lot more pragmatic,” said EcoGo’s Marina Dal Poggett.
One year into his administration “it continues to appear from his speech with this narrative that society and the markets evidently bought”he added.
“The reduction in the monetary policy rate would show a desire not to exacerbate the ‘carry trade’ in order to iron the dollar, tend to lower inflation and interest rates together. In the long term it looks reasonable; In the short term, banking and exchange balances will have to be calibrated,” said vat net Financial Research.
“Looking ahead to next year, for the first time in history the budget bill is based on the premise of fiscal balance. That is, given the income, from there the expenditure items will be determined,” said José María Segura, Chief Economist of PwC Argentina.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
