Agency with stocks A heavy defeat of the government in the election Legislative in the important province of Buenos -Aires.
The result of polls caused fear regarding President Libertarian’s ability Javier Miley To implement the agenda of its economic reform, if the results of macroeconomics do not cover the basic needs of the sector.
At 12 o’clock in the index S & P MERVAL From the Buenos -Aires Stock Exchange Win 2.3%, on 1770 000 pointsAfter drowned more than 13% in the previous circle. Among the ADR’s shares and Argents negotiating in the dollars on Wall Rate. Remove the rebound YPF, with 6.4%, at $ 27.47.
According to demonstrate an immediate reaction to national elections in the mid -October, the president formed Political table To speed up the changes and opened the governor’s dialogue.
Cimbronazo in the markets, election product, approximately 13.5 points in computing, forced the country to risk 1100 major points, the highest since mid -October last year.
“The bonds also bounce off after yesterday’s fall, (but) cautious that volatility may not end,” said a financial analyst Christian bottle.
With the treasure monitoring, the wholesale dollar noted 1420 pesos, after the historic high of 1450 peso from Monday at noon, even below the Banda Flot ceiling.
‘Markets were waiting for the loss of the ruling Santiago roundPartner and Director Envecq Economic Consultant.
“The complex is experiencing interest rates as a brake for the economy, at a time when the lace in the bank is about 53.5%, the highest since the beginning of 1990,” Bulat said.
Currently, rates make up 50% to 60% per annum in Peso, according to the business class, the day before the government threatens another tender for domestic debt over 7.5 billion peso.
Sovereign bonds in Argentina The country’s risk More than 1000 major points. JP Morgan indicator, which measures the differential of the US Treasury Returns with similar emissions affected on Monday A The inter -national 108 points The main, while in this session corrects 33 units to 1075 main points.
“Behind him saleInner assets are trying to cross the respite because some operators are used with the punished value, except for the recognition that the reaction may eventually be tactical to which the political scenario does not improve. Thus, after the election of the province of Buenos -Aires, the investors are focusing on rapid political sale, which allows oxygen and improve expectations in October. It happens that the economic slowdown is added to the restructuring of the recent dollar from the greater searching coverage, waiting for a clearer political and economic panorama after the legislative elections, “he evaluated Gustav berEconomist of the BER study.
Félix marencoThe Gold Cocos Financial Advisor commented that the operators were expecting a “tender on Wednesday to pay off at the end of this week, what a letter is that the government should update on September 12, now at the end of this week.”
