Dollar-denominated government headlines are recording new lows this Wednesday, while Argentine stocks are showing disparity in the local market and on Wall Street.
Argentine bonds in dollars start the month in negative territory. Sovereign titles thus extend the downward streak they had during the last month and push upwards risky country, That it is again close to 2000 basis points, amid local challenges and international market uncertainty.
This Wednesday, dollar-denominated government bonds regulated by foreign legislation are operating with a general decline. The drops reach up to 2%, in the case of a security that expires in 2035, while risky country advances 6 base points at the start of the caster to 1964 units.
These declines are taking place in a context where the debt of emerging countries is operating with negative variances, and the main stock indices of the US market continue to show some volatility, with a decline of up to 0.9% in the case of Nasdaq.
In line with Wall Street, the shares of Argentine companies in that market are performing mixed. The main climbs are observed in the works ternium (3.6%), cresud (2.5%) i View (2.4 percent), while the decline is led by companies from the energy sector, which recorded declines of up to 2.7 percent.
Shares are also falling on the domestic market. Index S&P Merval recorded a decrease of 0.2% and a large part of the leading panel operates in the red. The biggest declines were recorded in the banking sector, with BBVA (-2%), Macro (-1.9%) i Galicia (-1.2%), while the biggest increases were also recorded in cresud (1.5%) i ternium (0.9%).
Source: Cronista
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
