The Merval circled the red ground it treaded at the start and at mid-wheel it advanced 1.10% to settle at 236,623.18 points and add eighth wheel on the upside. YPF shares led gains, posting a 4.6% increase.
Some banks are having another day of prosperity locally and externally. The Galician bank in the national territory they are higher by about 1.5%; while on Wall Street, reaches 2%. For its part, BBVA overseas rallied 1.5%, trimming the large initial 8% rally in pre-market. Locally, it records a minimum loss of 0.1%.
The rest of the shares of Argentine companies listed in New York have waxed and waned, affected by the disparate performances with which the major US stocks operate.
Among those that get the best performance are: Takeoff, 3.5%; MercadoLibre, 3.9% and YPF, 4.6%.
In the fixed-income segment, foreign-governed dollar-denominated sovereign bonds operate at downsides of up to 6%, led by the Global 35. Country risk as measured by JPMorgan is around 2,000 points.
The good performance of Argentine assets in recent days, inflation data released on Thursday mobilize investor sentiment ahead of Argentina’s 2023 election, especially as core inflation (the indicator that best reflects the inflationary trend) has accelerated to 5.3% (85.8% annualised) in December from 4.8% previously.
On the other hand, it gives new energy to the cryptocurrency market. The Bitcoin then adds 6%, and the Ethereum Gets 2.40% Gain.
Wall Street welcomed the speech of Jerome Powell, chairman of the Federal Reserve (Fed) of the United States, who said that the agency is strongly committed to in reducing inflation.
Added to this are the data on inflation in the United States which continued to fall in December for the sixth consecutive month, reaching its lowest level in a year.
The consumer price index (CPI) increased by 6.5% over the previous year, the lowest increase since October 2021 and a slowdown from November’s 7.1% increase, the US Department of Labor said.
“The positive inflation data in the US showed a slowdown in the different components of the index, which stoked risk appetite and caused a compression in US Treasury yields, taking away the momentum from the dollar,” said Balanz …
NS
Source: Clarin
