Dollar-denominated stocks and bonds are rising, boosted by good external weather

The dollar bonds and the shares of Argentine companies start the week with a broad growth, stimulated by the positive variations recorded by the main stock market indices of the American market, amid the publication of economic data from that country and corporate balance sheets.

Despite this recovery, Portfolio Personal Inversiones noted that for Wall Street, February is coming to an end as “a month to forget, flooded with economic data that turned out differently than expected and that reaffirm the theory that the US economy remains strong”.

“With the exception of the real estate market, which had a setback, since CPI to the labor market, retail sales and consumer spending, everything seems to point to that money squeeze implemented by the Federal Reserve has not yet fully taken effect,” he said.

The financier added that it would therefore still be too early for the Fed to ease interest rate increases and reminded that the entity takes into account all indicators of the economy, but “the market knows that its favorite is the PCE deflator, which was coincidentally published last Friday”.

BONDS AND SHARES, GREEN

Dollar-denominated government securities subject to foreign law advanced along the entire maturity curve this Monday, with increase up to 1.9% in the case of the one expiring in 2035, while risky country it remains just under 2000 basis points.

Variable income also shows a positive effect. Most Argentinian companies are seeing progress both in the local market and on Wall Street, while major stock indexes in the United States show improvements of up to 0.90% (nasdaq).

Among Argentine companies listed on Wall Street, the rise is led by papers of Irsa, Kresud and ternium, which advance by 6.1%, 4.1% and 2.3%, respectively, while the main declines are recorded in assets black hill, which fell 1.4 percent.

Variations are also mostly positive on the local market. Index S&P Merval it increases by 0.8% in peso terms and a large part of the leading board is operating in the red. Assets are also leading the gains in this market cresud, which returned 6%, followed by those of Energy Pampa (2.5%) i Telecom (2.4%).