The Buenos Aires stock market fell 3.5%, which extended the declines for the second consecutive round, with declines led by the banking sector. In this way, the index now stands at $1,166. Market sources told iProfesional that investors were “more sellers” with equity and Argentine assets, given the uncertainty of the new legislative initiative of the ruling party and after the massive protest against budget cuts in public universities that raised doubts among the sustainability of the “chainsaw” and the fiscal adjustment.
In the external market, the shares of Argentine companies that are traded abroad show the majority of increases of up to 2.7%, in a round of good business climate in the Wall Street market.
Among the leaders, the declines are led by Grupo Supervielle (-6%), BBVA Argentina (-5.9%) and Banco Macro (-5.2%). In the fixed income segment, sovereign bonds in dollars under New York legislation They operate with a majority of results in the red along the curve of up to 1.7%, led by the Global 30, while titles in pesos with CER adjustment mark decreases of up to 1%, led by the TX26.
At the local level, the Treasury released the conditions for the last April tender, which will take place tomorrow and will be settled on Tuesday, April 30. On this occasion, they are seeking to roll over $2.8 billion that expires, allocated almost entirely in private hands. The titles that explain most of the maturities are the Linked TV24 Dollar and the Dual TDA24.
“The Treasury offers a combination of fixed rate bills and CER bonds in a context where Inflation-adjusted debt plummeted in recent rounds. Although the peso curves were very weak in general, the drop was deeper in the longest section of the CER curve. This happened within the framework of a collapse in inflation expectations in the face of a more abrupt inflationary deceleration than expected,” they stated from Portfolio Personal Inversiones.
What is happening in the world’s markets
Wall Street’s main indexes closed mixed as investors welcomed Tesla’s promise of cheaper cars and await the next avalanche of corporate profits.
Tesla shares rose more than 12%, after the electric vehicle maker’s promise to speed up the rollout of more affordable models overshadowed its quarterly profit and revenue loss. That buoyed investors concerned about growth amid a shift in strategy toward robotaxis and the planned cancellation of a cheaper model.
The main Wall Street indices operate with an uneven trend
The results of the first “Magnificent Seven” to be reported intensified high hopes that the profits of big technology companies can revive the rally in the stocks they fueled.
Attention now turns to the Meta report that will be published after the market closes. The owner of Facebook is in the spotlight, after the Senate voted in favor of a possible ban on its rival TikTok. President Biden signed a bill early today giving China’s ByteDance up to a year to divest from TikTok or face a US ban on the app.
own TikTok denied the Biden administration’s allegations and insists that it would never share data from the United States. He has responded to this week’s action at the Capitol by charging that the law will be “a prohibition bill that would trample on the free speech rights of 170 million Americans.”
Wall Street
Wall Street’s main indices operated with mixed results. Thus, the S&P 500 advanced 0.02%; the industrial Dow Jones lost 0.02%; and the technological Nasdaq rose 0.10%.
Merval
The Merval marked a drop of 3.5%. In this context, the declines in the leading stocks were recorded by Banco Macro (-5.5%); Supervielle Group (-5.5%); and BBVA Argentina (-5.4%).
ADRs
The papers of Argentine firms listed on Wall Street closed with a majority of negative results. In this way, the losses were for Banco Macro (-5.9%); BBVA Argentina (-5.8%); and Banco Supervielle (-5.8%).
Bonuses
In the fixed income segment, sovereign bonds in dollars under New York legislation closed with a majority of results in the red along the curve of up to 1.8%, led by the Global 30, while titles in pesos with adjustment CER marked increases of up to 3.8%, led by TX26.
Risk country
The country risk is around 1,205 basis points.
