In this framework, New York-listed Argentinean papers Transportadora Gas del Sur (+3.7%), led by Mercado Libre (+3.2%) closed with most positives; and telecommunications (+5.2%). Some casualties were also recorded, for example, Bioceres (-2.6%), Cresud (-2%); and Bank BBVA (-1.6%).
During the day, S&P Merval (CCL) in dollar crosses 526 pointsIts highest level since September 11, 2021. It ended at 517 points (+0.4%).
At the end of the day, Buenos Aires stock market growth deflated and advanced barely 0.05% to 144,714.11 units, After marking an intraday record in pesos of 147,135.35 points within minutes of its opening, it surpassed the previous top level recorded in late August. The leading panel comes from a 6.1% increase over the past week.
As in the US, the papers Transportadora Gas del Sur was the best of the day, registering a jump of 5.1%. The assets of Telecom (+2.1%), and BYMA (+1.7%) reached the podium.
“With the soybean dollar a stalemate is achieved in the market and this stimulus spreads to the rest of the asset, but indications of how the targets will be met with the IMF must be followed and that is why the importance of Massa in the United States. talks in America”, explained to an agent of a foreign private bank.
The macroeconomic targets set out in the agreement signed between the IMF and Argentina at the beginning of the year remain unchangedThe agency gave this information on Monday.
The government hopes to add at least some $5 billion in bookings from soybean farmers in SeptemberFor which it recognizes 200 pesos for every dollar settled, compared to the official exchange rate of about 35% lower.
From “They bought time to consolidate reserves and reduce devaluation expectations in the short term. However, we must remember that the ‘B’ side of the ‘soybean dollar’ is a volatile capital loss on BCRA’s balance sheet”PPI is indicated.
Local challenges and fears of a global recession with a latent aversion to risk, this Wednesday August inflation, following a recent survey that projected a rate of 95% for the full year.
On that day, BCRA bought another $170 million, after adding about 1,050 million the previous week.
“What we tell the agriculture sector: If they need money for their operations, they have to sell their produce and liquidate. Don’t take loans at a concessional rate from the financial system,” Journalistic announcements confirmed BCRA director Agustin d’Atelis.
However, the parallel dollar fell again and the “Cash with Liquidation” (CCL) pierced $280 (closing at $279.90). Moreover, the MEP dollar declined 0.1% to $269.39, while in the informal segment, the blue fell by $2 to $272.
Bond and Country Risk
In the fixed income section, Dollar bonds in the US rose up to 2.1% in the lead-up to Bonner 2038, Whereas in the Buenos Aires stock market, they closed with most of the increase, in some cases, by as much as 1.5%, led by Global 2028 (+1.4%), followed by Global 2029 (+0.9%) and Bonner 2030 (+0.8%).
really, country at risk 12 points down to 2,306 units, This is the lowest level since the end of last June.