While Wall Street indicators progress between 0.5% and 0.7% on Wednesday, the index S&P Merval From the Buenos Aires Stock Exchange loses 1%, at 2,040,000 points At 11:30 am.
Among the ADR and shares of Argentine companies that are negotiated in dollars in New York the trend is mixed. The profits of Free market (+5.8%) y Globant (+ 4.7%). On the loser side the low of 1.7% for YPF.
Free market He reported that their net income and financial income increased by 37% year -on -year, to reach USD 5.9 billion, while operating revenues grew 45% year -on -year up to USD 763 million. The net rate of the quarter was USD 494 million, an increase of 44% year -on -year.
“The Libre Market online business continues to strengthen: brand preference has reached historical levels in key markets such as Brazil, Mexico, Argentina and Chile. These conditions allow to gain participation against physical trade, which still represents approximately 85% of the retail in Latin America, “said the company founded by Marcos Galperin In a statement.
In contrast, YPF reported a loss for 10 million on Wednesday of dollars in the first accounting quarter of the year.
The sovereign bonds in Argentina -Bonares and global- rise 0.4% on average. The president himself Javier Milei celebrated on his personal account of the social network “X” the Risk fall of Banco JP Morgan at 678 points Basic, the lowest level since February 14.
“After reaching the 2017 level of activity in the first quarter of 2025, the Argentine economy faces a new challenge: to sustain growth with more solid bases. The post-” recep pointed out a report of the IERAL of the Mediterranean Foundation.
As a political sign, the Senate debated the Clean file law, which could not be approved by just a vote: 36 of the necessary 37 were obtained. Two senators of the province of Misiones did not accompany the project. President Milei issued a statement in which he said that the Senate has become a refuge for political caste. As a consequence, Cristina Kirchner is still enabled to perform at the October national elections.
“Investors saw in a bad way the rejection by the Argentine Congress to a bill that prohibited people convicted of corruption to access public office, a step that the Peronist opposition considered that it aimed to prevent former president Cristina Fernández de Kirchner from being a candidate for a national position,” he evaluated Reuters.
At the international level, the The US Federal Reserve maintained its interest rate at 4.5%although Jerome Powell He warned that the risks of inflation and unemployment have increased, leaving the door open to cuts in 2025. At the same time, the American treasure projected an improvement in the debt/GDP ratio around 2026, but warned about the limits of sustained indebtedness.
“On the commercial front, Trump anticipated a possible agreement with the United Kingdom and relaxation of chips exports to the Gulf, promoting Nvidia in the stock market, while the European Union threatens tariffs to US cars. At the global level, the fall of the US GDP in the first quarter was attributed to the increase in imports (+35% interannual in the port of Los Angeles), although it is expected recovery, ”he said Felipe MendozaATFX LATAM financial market analyst.
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