Alternative dollars go down and Argentine bonds and stocks go up on Wall Street

On the last day of the week, Argentine bonds and stocks go up in New York while in the local market blue dollar back and financial dollars.

on this wheel, the blue dollar yields two pesos, at 278 dollars, even if it is still eight pesos above the 270 dollars touched last Monday. The tone of the trading week is marked by the debut of the soybean dollar, which has already contributed 1.4 billion dollars not to mention today’s wheel, for which there is no definitive data yet.

Financial dollars follow a similar path to the informal one: the MEP, which is listed on the Buenos Aires stock exchange, drops by 0.5%, to $ 272, while liquidity with liquidity, the chosen of the companies, yields 0.5%, a $ 281.3.

In the financial world, the week ends well for Argentina. Sovereign bonds rise by around 1% and racking up increases of up to 5% so far in September.

this performance it is reflected in the country risk, the JP Morgan indicator that measures the overrate on Argentine debt, which fell by 0.6% to 2,319 basis points. Country risk has fallen by 2.9% in September so far.

The wholesale dollar operated at $ 141.40, with an increase of 25 cents compared to the last closing. For its part, the retail dollar was trading at $ 148.41up 26 cents compared to yesterday.

Equities are also moving positively. In the center of an ADR panel that shows almost everything in green, the most notable is the advance from Tenaris, which today rises by 5.7%, while one of the few in red is the Supervielle bank, which loses 1%.

But most surprising is the rise of YPF. Despite having a slight rebound of 1% today, so far this month it has risen by 24.8% and by 78% in the yearwhich makes it the most outstanding Argentine action so far in 2022.

The oil company thus recovers a small portion of the land sold in recent years. YPF stock is trading at USD 6.85 todaya surprising distance from the peak of $ 70 reached in 2005.

Climb the Merval

In the porteña bag, the S&P Merval index rises by 0.5% and stood at 141,663.86 units over the half wheel.

In the first local panel, the newspapers of Cresud and Telecom Argentina recorded increases of 2.60% and 2.58% respectively.

In the fixed income segment, dollar bonds traded with rises of up to 2.2%, while the pesos securities operated with drops of up to 1.4%.

For their part, the New York markets have now operated with a positive trend and its main index, the Dow Jones Industrials, advanced 0.82% to settle at 32,036.43 points.

Meanwhile, the selective S&P 500 index also showed a gain of 0.82% and Nasdaq technology was up 1.50%, according to Bloomberg news agency.

Yesterday, the New York stock market closed higher after Federal Reserve (Fed) chairman Jerome Powell confirmed his commitment to curb inflation through aggressive policy and the European Central Bank announced a new hike in prices. rates of three quarters of a percentage point, up to 1.25%.

“I think people are grossly underestimating what the Fed will have to do to fight inflation. “This was stated by Richard Berstein, CEO of the Richard Berstein Advisors company, quoted today by the CNBC channel.

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