The distrust that seized investors in the last days It is reinforced this Monday. Financial dollars climb 4%las argentine stocks listed in New York push back hard, while the country risk increases 2.6% up 2097 points basic.
The dollar MEP The stock market operates with rises of 3.1% until $227,84, while cash with liquidation (CCL) increased 4.1% to $237.01 on the official screens.
I also read: Alberto Fernández and Martín Guzmán rush measures in the bond market in a key week
In both cases it is the highest prices since the beginning of Februarywhen the financial dollars had begun to retreat after the announcement of the agreement with the IMF.
The blue dollar is also on the rise and arrive at noon $209 to buy and $212 to sell.
The renewed challenge to Martín Guzmán to renew debt in pesos
In a day with broad declines in stock marketsattention is focused on the performance of Argentine assets after the abrupt drop at the end of the week for fear of a default in the payment of the debt in pesos.
The Economy Minister, Martín Guzmán, rejected any possibility of defaulting the debt in pesos. Sunday night defined the strategy with President Alberto Fernández to try to contain the “run” of the funds against inflation-adjustable bonds.
In just three days, the funds came out of CER bonds for more nearly $90 billionwhich pushed up the financial dollars and led to the Central Bank (BCRA) and to a lesser extent to the ANSES to go out and buy those titles to support the price.
It is expected that on the day that intervention is sustained before a Treasury tender this Tuesday, which will become a key test for Guzmán, due to the rate that he must validate.
Markets are trading deep
The bad mood of the markets impacts the Local ADRs listed in New York They went down to the beginning of the wheel. Among the main retractions were Take off (-10.8%); Mercado Libre (-9.5%) and Globant (-7.6%).
Main Wall Street indices were trading with deep declines Given the high inflation in the US and the prospect of a new rise in Federal Reserve rates (FED) lead the US economy to a recession.
So the index Dow Jones fell 2.1% at noon; the S&P 500 index fell 2.8% and the Nasdaq Composite fell 3.4% in the first operations of the wheel.
Los Asian and European markets they had started the week downhill, amid the strengthening of the dollar globally.
The CAC 40 index of Paris lost 2.67%while the bag Frankfurt lost 2.43%with which he completed his fifth consecutive low session. London lost 1.53%, while in Madrid the Ibex-35 index fell 2.47%.
The Buenos Aires Stock Exchange was no stranger to the global impact: the Merval index fell 0.6% up to 88,606.44 points. Meanwhile, the stock market Saint Paulwhere the Bovespa index fell 4.2%.
News that is being updated.-