Argentine assets had a good day the day before and this Wednesday they are also trading mostly in positive territory.
He S&P Merval It started the day on the rise, but then reversed the trend, after Tuesday’s good performance. Meanwhile, the ADRs they are trading mixed in the foreign market for the second consecutive day, but on Monday they registered strong increases.
He country riskin turn, remains at a 5-year low, and, on this day, the index that measures the JP Morgan it trades below 750 points.
This happens the day after wholesale inflation was announced, which stood at 1.2% in October.
“Today a new positive day is expected for stocks, that is, Equity. It looks a good tone, both for roles in the local square and abroad. Likewise, a priori, it is expected that bonds will remain firm, so everything would indicate that today there will be another drop in country risk,” he says. Eric Paniagua, from Epyca Consultoresto Scope.
For his part, the analyst Leonardo Svirskytold this medium that “I see the market as very sustained” and highlighted the strong rise on Monday in Argentine assets abroad while the local market remained closed. “There is an appetite to enter the country” and highlighted the meetings held by the president Javier Milei in it G20.
“I think it was a very good meeting because very good agreements were signed, especially the one in Brazil with the issue of Dead Cow and the gas“, highlighted the analyst. Regarding the path that the actions and the bonuseshighlighted that they are “at a ceiling” and could have a correction.
The country risk deserves a separate paragraph. Experts agree that the decline is very important and the index is one step away from breaking 700 points. This would help Argentina obtain private credit financing at good rates.
As for the bonuses In dollars, they are trading mixed this day and with slight variations. Thus, the one that rises the most is the Bonar 2038 (+0.3%), and those that fell the most are Global 2035 (-0.6%), and the Bonar 2041 (-0.5%).
Source: Ambito
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