The financial day last Thursday was marked by notable optimism in the Argentine markets, driven mainly by the payment of the bonuses sovereigns in dollars. This move revived investor confidence and led to a series of significant changes in the country’s main economic indicators.
The bonuses Argentine sovereigns rose by 0.4% on average, reaching a new floor since July 31, 2018. This increase occurred in the context of the payment of some USD 4.36 billion of restructured securities, which led agents to recalibrate their strategies given the favorable expectations of the economy.
The country risk, measured by JP Morgan, fell nine units, standing at 560 basis points, its lowest level since 2018. The S&P Merval index of the Buenos Aires Stock Exchange gained 1.7%, reaching 2,829,730 points, very close to the nominal intraday record of 2,867,775 points on Tuesday, January 7.
This increase reflects the renewed confidence of investors in the local market, which benefited from the injection of liquidity derived from the payment of the bonds. Among the stocks that advanced the most are Banco Supervielle (+4.3%) and Aluar (+3.9%).
The Central Bank of the Argentine Republic (BCRA) purchased USD 234 million during the day, helping to moderate the decline in the daily accounting of international reserves. However, reserves fell by more than USD 1.7 billion due to the cancellation of the Bonares, which represented a significant reduction in the reserve balance.
The payment of the bonuses sovereigns in dollars not only injected liquidity into stock market businesses, but also reinforced investor confidence in the Argentine economy. The Moody’s agency raised the rating ceiling for Argentine debt in local and foreign currency, reflecting greater predictability and consistency in economic policy.
Stocks
Furthermore, the Argentine government has strengthened its credentials to attempt an agreement with the International Monetary Fund (IMF) that contemplates the sequenced exit of the stocks, in a scenario in which fresh funds disbursed by the organization would help to more firmly navigate possible turbulence. external.
The financial day last Thursday was marked by notable optimism in the Argentine markets, driven mainly by the payment of the bonuses sovereigns in dollars. This movement not only benefited sovereign bonds and the S&P Merval index, but also reinforced investor confidence in the Argentine economy.
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