The sovereign bonds They start the last day of the week with profits, while the country risk drops and remains at minimums of 2019. For their part, the Argentine stocks that operate in Wall Street record a majority of losses, in line with the roles of companies in the Buenos Aires stock market, where the S&P Merval falls 1.7% in a week marked by the elections in the United States, in which the Republican donald trump defeated the democrat Kamala Harris and won his second term at the head of the northern country.
In the fixed income segment, the increases are led by the Global 2046 (+1.7%)followed by Bonar 2041 (+1.2%), Global 2038 and 2041 which climbed 0.8%. The only one who goes down is Global 2029 (-0.4%).
Meanwhile, the country risk measured by the bank JP Morgan falls 0.4% to 856 basis points and remains at 2019 lows.
Trump’s victory and its effect on local assets
The personal relationship between the president Javier Milei and the elected Trump opens a favorable political scenario, According to analysts, although, economically, a stronger dollar could generate some complications.
“The victory of donald trump boosted ‘hard-dollar’ sovereign bondswell above those of other comparable countries. The market considers that the close relationship between the Republican leader and the Argentine president could translate into a more favorable context for Argentina,” said the settlement and clearing agency Cohen.
“This direct support from the world’s largest economy would help offset the possible impact of a more challenging environment for emerging companies under the Trump administration,” he said
The role of the United States is key within the IMF, an organization with which Argentina must renegotiate a loan for 44,000 million dollars again in 2025, at a time of the international reserves of the BCRAthey remain negative.
S&P Merval
In the local market, the leading index S&P Merval turns and falls 1.7% to 1,980,998 units after starting with green wave from the hand of YPF (+0.5%), which together with Stock Bank (+0.8%) are the only papers that climb. The one that is lowest Telecom (+8.1%), Central Port (-4.6%) and Macro Bank (-3.8%). However, the Buenos Aires stock market is heading to close the week with a strong rise.
The Argentine stocks in Wall Street they record the majority of casualties at the hands of Telecom (-4.7%) and Central Port (-3.5%), while those that rose the most are Edenor (+2%) and Cresud (+0.9%).
Source: Ambito
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