“Daily Financial News: Blue Dollar Soars, Merval Drops, and Minister Massa Receives Support”

2023-04-25 14:58:42

They raise the cash with liqui and the MEP

In the stock market, the dollar with settlement (CCL) rose 3.1% and was traded at $476.85.

For its part, the MEP or Stock Market dollar rose 2.8% and traded at $461.72.

Agustín Rossi expressed his “absolute support” for Minister Sergio Massa

The Chief of Staff, Agustín Rossi, today expressed his “absolute support” for the Minister of Economy, Sergio Massa, and called for “unity and solidarity.”

“In difficult times you have to have temperance, said our Minister of Economy. In addition, unity and solidarity. As JGM (Head of the Cabinet of Ministers), I fully support Sergio Massa to face the challenges of the present and those to come,” he published. Rossi this morning on his official account on the social network Twitter.

The blue dollar does not stop: it is sold at 476 pesos

After a rise of 8 pesos at the opening, the blue dollar scored another rise and climbed 6 more pesos to a price of $476.

The Merval operates with a drop of 0.49% at the opening

The main indicator of the Buenos Aires Stock Exchange, the S&P Merval, operated at today’s opening with a drop of 0.49%, settling at 297,946.99 points.

Meanwhile, the volume traded in shares exceeded $75 million.

The New York stock market opens with a negative trend

The New York markets operated today with losses and its main index, the Dow Jones Industrials, lost 0.19% to settle at 33,811.40 points, at the beginning of the trading session.

Meanwhile, the selective S&P 500 index registered a drop of 0.41%, while the Nasdaq technology index fell 0.67%, according to the Bloomberg news agency.

The blue dollar rose to 470 pesos

The blue dollar opened with a rise of 8 cents: from the 462 pesos at which it had closed on Monday, it jumped to a price of $470 for sale.

Meanwhile, the official dollar remains unchanged at 226 pesos for sale.

Suspicions due to a strong increase in the currency transfer of Mediterranean Shipping

By Mara Pedrazzoli

the shipping company Mediterranean Shipping Company (MSC), number one in the world, set off alarm bells in the government due to some very striking data on money transfers abroad. The company kept the cargo volumes operated in Argentina unchanged in the last three years, but the currency transfer practically doubled in 2022. The official suspicion is that the company accessed dollars at the official exchange rate for “Freight Services and others ” to send them directly to the parent company, taking advantage of the differential due to the exchange rate gap. As these are operations between related firms, it is presumed to be a cover-up to turn currencies at an exchange rate that does not apply to financial transactions.

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The blue dollar opens at 462 pesos

He Dolar blue List this Tuesday at $ 462 for sale y $ 457 for purchase. At Banco Nación, the official dollar is at $ 226 for sale y $ 218 for purchase.

The Bovespa index falls 0.54% at the opening of the São Paulo Stock Exchange

The Sao Paulo Stock Exchange today registered a drop of 0.54% at the beginning of the day, when the Bovespa index reached 103,387.62 points.

Meanwhile, in the exchange market the price of the dollar rose 0.25% and was traded at an average of 5.0490 reais per unit, according to the Bloomberg news agency.

The country risk is located at 2,624 points

The country risk remained this Tuesday at 2,624 basis points, according to the index prepared by JP Morgan.

How the nationalization of lithium in Chile impacts Argentina

By Natalí Risso

Chilean President Gabriel Boric announced last week the national strategy that he will carry out to develop Chilean lithium in the coming years, with a focus on the participation of the State in the entire production cycle and the commitment to scientific and technological development to add value to it. within the country. Given its similarity with Argentina, due to its geographical location, quality and quantity of resources it possesses, PageI1 consulted different actors in the sector in Argentina to measure the impact that the announcement could have on the development of the productive chain in the country, who highlighted on the one hand how Argentina becomes more attractive to attract investmentwhile it can falling behind in the race for value addition within the region.

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The markets open and the dollar begins to quote

He Dolar blue open to $ 462 for sale y $ 457 for purchase. At Banco Nación, the official dollar is at $ 226 for sale y $ 218 for purchase.

Soybean sales and the agricultural dollar

Soybean producers sold more than 102,000 tons at the beginning of the third week of the third edition of the Export Increase Program (PIE), which implements an exchange rate of $300 per dollar for oilseed exports until March 31. next may.

In addition, the income of foreign exchange from agricultural exporters to the Single and Free Exchange Market (MULC) reached almost US$ 106 million.

The economy grew just 0.2% year-on-year in February

The economic activity it grew 0.2 percent in February in relation to the same month last year, while it did not register growth compared to January. In turn, in the first two months of the year it marked a rise of 1.6 percent compared to the same period last year. This was published by INDEC this Monday, recording that the economy begins to enter a point of stagnation by different factors such as drought and external pressures.

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Oil registers losses in New York and London

The barrel of crude oil was trading low in the international markets of New York and London.

The crude West Texas Intermediate (WTI)which operates in the New York futures market (Nymex), fell 0.29% this morning and was traded at US$ 78,53 a barrel in contracts with delivery in June.

Similarly, oil North Sea Brentwhich does so on the London electronic market (ICE), lost 0.28% and the barrel was agreed at US$ 82,50 also in the contracts for June, according to what was reported by the Bloomberg agency.

Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) reported that its basket of crudes closed yesterday at US$ 82.30 a barrelcompared to US$ 81.86 the previous day, which represented an increase of 0.53%.

The stock markets of Europe operate with a negative sign

The main stock markets in Europe operated at a loss, according to data from the Bloomberg agency.

United Kingdom. FTSE: -0,28%

France. CAC: -0,67%

Germany. DAX: -0,08%

Spain. IBEX: -1,20%

Italia. FMIB: -0,95%

Stock markets in the Asia-Pacific region closed lower

The main stock markets of the Asia-Pacific region closed with a negative sign, according to data from the Bloomberg agency.

Japan. Nikkei: +0,09%

China. Shanghai: -0,32%

China. Shenzhen: -1,69%

Hong Kong. Hang Seng: -1,71%

Corea. Kospi: -1.37%

Taiwan. Taiex: -1.64%

Massa deploys management and his team travels to Washington

By Leandro Renou

In his most delicate hour, the Minister of the Economy, Sergio Massa, went out to display his agenda for the entire week for the first time, in a clear gesture of showing action and advancing foreign exchange earnings on the days when the blue dollar and the financial (MEP and CCL) do not stop the escalation. In parallel, official sources confirmed to Page I12 that on Thursday an Economy team will travel to close the “rebalancing” of the entire agreement with the Monetary Fund (IMF), as this newspaper announced in its Sunday edition.

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Political noise prolongs currency crisis

By Raul Dellatorre

Political tensions continue to be reflected in the exchange market. The expectations regarding the news that could be in the week in relation to some agreement with the IMF, or in the electoral political plane in relation to the possible definitions of Crsitina Fernández de Kirchner, had its correlate in the prices of alternative dollars. The blue or parallel climbed 30 pesos during the day, more as a result of destabilizing movements than the bid between supply and demand, and then closed at 462 pesos (20 more than Friday’s close). In fact, while this was happening in the very small —and controlled by few— market of the caves, the currencies traded in the stock market had a much more moderate bullish behavior, around one percent against almost 5 percent. percent increase in blue. The cash with liquid ended the day around 458 pesos and the MEP, at 444 pesos.

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