With the US presidential elections in our sights, the stock markets will move to the rhythm of the results and strong volatility is expected. At the local level, INDEC and the Central Bank will be the protagonists with a battery of reports.
With the focus on the presidential elections in the United States, where Donald Trump and Kamala Harris are competing for the presidency, a volatile week is expected in international financial markets. At the local level, the recent rate cut by the Central Bank leads to a readjustment in financial instruments, while key economic indicators are awaited. Among them, the Consumer Price Index of the City of Buenos Aires (CABA) that will offer clues about inflation at the national level, and the Survey of Market Expectations that will be disseminated by the Central Bank (BCRA), providing an overview of economic expectations.
Super Tuesday: the electoral contest is coming in the US
The most relevant event for the market will be next Tuesday’s presidential election in the United States. Currently, Trump has an average voting intention of 48.4% and Harris 48%. Trump improved in the final stretch. Outside of the elections, attention will be on the Fed’s decision this Thursday and on November 20 in the NVIDIA report.
According to the latest Balanz report, the investment landscape will have movements this week: “the volatility of a key election in the US makes us maintain our more diversified positioning. This implies taking exposure to indices or stocks with reasonable valuations. On the commodity side, in the short term we believe that gold’s dynamics will depend on international conflict. Among the cycles, in recent months we have become more constructive in copper, although we see risks in a Trump victory over this metal. the analysts explained.
From their perspective, beyond the elections, the focus will not only be on the winner but on control of the Chambers of Congress where both seek to carry out reforms.
Wednesday
That Wednesday the 6th, the INDEC will publish the Fisheries Industrial Production Index (Fisheries IPI) for the month of September 2024.
Thursday
On Thursday, in international markets, the focus will be on Federal Reserve decision (Thursday) and in its analysis of the latest economic data.
The INDEC will also release the following indicators:
- Manufacturing industrial production index (manufacturing IPI) for the month of September 2024.
- Current indicators of construction activity (ISAC) for the month of September 2024.
In addition, IDECBA will publish andl Consumer price index of the City of Buenos Aires for the month of October 2024.
In this battery of reports, the Central Bank joins in with the publication of the monthly monetary report for the month of October 2024 and the Survey of Market Expectations (REM) for the month of October 2024.
Finally, Transener is going to inaugurate the corporate balance sheet season for Argentine companies that Thursday.
Friday
That Friday, INDEC will release the Mining Industrial Production Index (Mining IPI) for the month of September 2024.
Source: Ambito
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