The markets traded in the red again this Tuesday. Outside, the bonuses Argentines fell up to 2% and country risk increased 80 units up to 1494 points, a maximum value that has not been recorded since mid-March.
The ActionsFor their part, they retreated up to 9% on Wall Street. The main losses were for the papers of Banco Supervielle, BBVA and Cresud. However, all local companies operate in the red.
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Meanwhile, the dollar bonds showed reds of up to 4% and the S&P Merval index fell 4.7%.
“What do we think could be negatively impacting the local plaza? In the midst of the ups and downs that characterize the Argentine market, journalistic rumors that the Government could have to repay the active section of the swap Chinese with reservations they would not have been well received for Argentine assets,” he analyzed Personal Portfolio Investments. And they explained that payments to China would be added to the US$2.6 billion bond maturities that the Government must pay in July.
At the same time, they pointed out that another aspect that could have contributed to the decline seen since Monday were the statements of the new chief of staff, Guillermo Francosabout the fact that both the Bases Law and the fiscal package could be approved in Congress only in July.
“Argentine assets have not yet managed to stabilize and it would seem that the delay in the approval of the Base Law and the fiscal packagedelays in delivery and different problems and conflicts that have arisen in management continue to have a negative impact,” they agreed from Outlier.
The dollar, up
The financial exchange rate also rose 0.9% and renewed the increases it had already tried last week. He MEP dollar closed at $1,280.80; while the cash with settlement It exceeded $1300.
He Dolar blue joined the trend and climbed $30 to $1,265. In this way, the gap with the official exchange rate it stretched up to above 40%.
“It raises concerns that the volumes of the exchange market have not yet raised, whichIt conditions the pace of BCRA purchases and the accumulation of Bookingsat a time when there is speculation that not only payments to the bonds but also to the China swap could have to be made,” said the economist. Gustavo Berfrom the homonymous studio.
