The S&P Merval in dollars exceeds 2,200 points and the country risk is close to piercing 700 units

The S&P Merval in dollars exceeds 2,200 points and the country risk is close to piercing 700 units

December 16, 2024 – 11:55

The local index reopens higher, both in pesos and dollars, while the country risk is one step away from falling below 700 units.

Depositphotos

He S&P Merval in dollars exceeds 2,200 points and the country risk one step away from drilling 700 units, at the opening of a new week. Among the leading actions, the rise in Transener which climbs 17.5%, this happens a few days after the Government announced the sale of the share package and the release of benefits for oil exports.

The local selective advances 2.1% to 2,419,457.68 points, measured in pesos, and in dollars it rises 2.3% to 2,213.27 units. The leading stocks that rise the most, after Transenerare: Macro Bank (+6.2%), BYMA (+5%), and Central Port (+5%).

The dollar bondsmeanwhile, opened with slight losses, the biggest: the Bonar 2041 (-1.8%), and the Bonar 2035 (-0.9%).

What to expect this week, according to the market

This week presents an economic agenda loaded with key data. The GDP for the third quarter, the fiscal balance for November and the trade balance will be published.

“It is also expected the October EMAEwith mixed signals but a possible monthly recovery. In addition, negotiations with the IMF for a new financing program will be crucial to reinforce reserves and move towards a more flexible exchange rate in 2025,” they added. Cohen.

“According to the information published by the Vice President of the BCRA in a presentation at the UTDT, both in November and in the first 9 days of the month there would have been no exchange intervention. Since the end of October, exchange rates have fallen by more than 7% and gaps by more than 10 pps“he said this morning Aurum Values.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts