2023-04-24 19:51:09
Massa announced a new plan for Edesur
The Minister of Economy, Sergio Massaand the controller of the electricity distributor Edesur, Jorge Ferraresi, announced on Monday the works plan that the company will carry out in all the municipalities of its concession zone, in the south of the Metropolitan Area of Buenos Aires (AMBA).
The works program, detailed the officials, will last 180 days and It will be financed with the income of Edesur, which must allocate 37% of its billing for this purpose.
“There is a phrase that says ‘God summons his best soldiers for the most difficult battles’. We are not God but we summon one of our best soldiers for a difficult battle“said the Minister of Economy about the a task carried out by Ferraresi, at the forefront of the company’s intervention, although it could well be thought of as a speech in the face of the currency run.
Edesur has been intervened for 180 days since mid-March, for the purposes of monitoring compliance with the works and improving the service that it must provide in its concession area, in response to the cuts that in the summer left without light to thousands of users.
Last week, the ENRE applied a sanction to Edesur of $132,665 million, which will go directly as compensation to users, for the power outages that occurred in the first days of last December. As anticipated, this is the first of a set of compensation that the electricity distribution company will have to pay to customers for what happened during the summer months.
The blue dollar closed at 462 pesos for sale
The blue dollar closed at 462 pesos for sale and 457 pesos for purchase. The increase registered with respect to Friday was 20 pesos, which represents an increase of 4.52 percent. The official dollar closed at 226 pesos for sale and 218 for purchase.
The Central Bank made purchases for US$ 108 million today and ended in the green for the third consecutive round, after the launch of a new edition of the Export Increase Program (PIE), with a temporary differential exchange rate of $300 per dollar for the soybean complex and regional economies.
The monetary authority confirmed this through a statement released at the close of the conference and specified that now “the result for April became positive for US$ 190 million.”
The blue continues to rise and trades at 465 pesos
The blue continues to rise and is trading at 465 pesos for sale. That is, 23 pesos above the close of Friday. 5.2 percent above that price. In this way, it widens the exchange gap to 111.2 percent with respect to the official dollar, which is sold at 220.20 pesos.
The blue dollar is trading at 460 pesos for sale
The informal dollar is trading at 455 pesos for purchase and 460 for sale, which represents a 4.7 percent rise compared to last Friday’s closing price.
Assistance for gas producers in cylinders is approved for $18.4 million
The Ministry of Energy ordered the transfer of $18.4 million to three producers that are part of the Liquefied Petroleum Gas (LPG) chain, with the purpose of ensuring the supply of bottles in low-income homes within the framework of the Program Home.
A total expenditure of $18,413,135.75 was determined through resolution 267/2023, published today in the Official Gazette, for assistance corresponding to December 2022.
The total amount was distributed among the companies Raizen Argentina ($13,595,423.94), Pluspetrol ($2,597,747.94) and Vista Energy Argentina ($2,219,963.87).
The blue at 454 pesos
The parallel dollar registered another small rise and is sold at 454 pesos in the informal market.
The Buenos Aires Stock Exchange operates with a rise of 1.28% at the opening
The Buenos Aires Stock Exchange operated at the opening of today with a rise of 1.28% in its main index, the S&P Merval, which stood at 294,622.45 points.
Meanwhile, the volume traded in shares exceeded $145.5 million.
The blue dollar reaches 453 pesos
The dollar in the parallel market made another jump: after opening at $442, it rose to $450 and then scored another rise to $453.
The dollar trades at $225.50 at Banco Nación and the CCL stands at $458.38
The dollar was trading this afternoon at $217.50 for purchase and $225.50 for sale at Banco Nación, while in the stock market the dollar with settlement (CCL) rose 0.7% and was traded at $ 458.38.
For its part, the MEP or Stock Market dollar rose 1.7% and was trading at $445.12.
Meanwhile, the Argentine country risk was located at 2,639 basis points, according to the index prepared by JP Morgan.
The price of bioethanol increases by 5% and that of biodiesel by 4%
The Ministry of Energy increased the purchase price of a liter of bioethanol by 5%, both for those made from sugar cane and corn, and the value of a ton of biodiesel by 4%. in line with the increases that the YPF company ordered for its fuels.
The measure was formalized through resolutions 268/2023 and 269/2023, published today in the Official Gazette, which establishes a price of $148,479 per liter for the two bioethanol variants for operations carried out as of April 16, day in which the national oil company adjusted the prices of its grade 2 and 3 gasoline sold through its service stations in the City of Buenos Aires.
The blue dollar rises to 450 pesos
The dollar in the parallel market hit a new jump and went from 442 pesos to 450 this Monday.
The official operates at 225.50.
New York markets trade with ups and downs
The New York markets operated today with a mixed trend and its main index, the Dow Jones Industrials, rose 0.15% to settle at 33,858.62 points.
For its part, the selective S&P 500 index added 0.10% and the technological Nasdaq lost 0.08%, according to the Bloomberg news agency.
The Bovespa index operates lower at the opening of the São Paulo Stock Exchange
The Sao Paulo Stock Exchange operated today with a drop of 0.98% at the beginning of the day, placing the Bovespa index at 103,344.15 points.
Meanwhile, in the exchange market the price of the dollar rose 0.35%, to an average of 5.0683 reais per unit, according to the Bloomberg agency.
The country risk is located at 2,640 points
The country risk rose 0.70% this Monday and was located at 2,640 basis points, according to the index prepared by JP Morgan.
The blue dollar remains at 442 pesos
He Dolar blue is maintained this Monday to $442 for sale and $434 for purchase.
At Banco Nacion, the official dollar opera a $ 225.50 for sale and $217.50 to purchase.
Producers sold more than 150,000 tons of soybeans and accumulated 1.12 million
Soybean producers sold more than 150,000 tons at the end of the second 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) exceeded US$185 million.
Almost the entire population already has a bank account
Almost the entire adult population has bank and/or payment accounts, reaching 99.3 percent of the population by the end of 2022, the Central Bank reported in its latest report on financial inclusion. The monetary entity specified that the number of people who had at least one account stood at 35.1 million compared to 34.6 million in June 2022, which then represented 98.5 percent of the total.
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The markets open and the dollar begins to trade
He Dolar blue the week starts at $442 for sale and $434 for purchase. At Banco Nacion, the official dollar does it to $ 225 for sale and $217 to purchase.
SME production grows
The production of the SME industry registered a year-on-year rise of 2.4 percent in March, at constant prices, but remained without significant variation compared to the previous month, according to a report prepared by the Argentine Confederation of Medium Enterprises (CAME). ). Meanwhile, in the accumulated first quarter of the year, it marked an increase of 5.2 percent compared to the same period last year.
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Oil registers losses in New York and London
The barrel of crude oil was trading low in the international markets of New York and London.
The crude West Texas Intermediate (WTI)which operates in the New York futures market (Nymex), fell 0.31% this morning and was traded at US$ 77,63 a barrel in contracts with delivery in June.
Similarly, oil North Sea Brentwhich does so on the London electronic market (ICE), lost 0.40% and the barrel was agreed at US$ 81,33 also in the contracts for June, according to what was reported by the Bloomberg agency.
The stock markets of Europe operate mostly with a negative sign
The main stock markets in Europe operated at a loss, according to data from the Bloomberg agency.
United Kingdom. FTSE: -0,08%
France. CAC: -0,04%
Germany. DAX: -0,01%
Spain. IBEX: -0,36%
Italia. FMIB: -0,99%
Stock markets in the Asia-Pacific region closed with mostly losses
The main stock markets in the Asia-Pacific region mostly closed with a negative sign, according to data from the Bloomberg agency.
Japan. Nikkei: +0,10%
China. Shanghai: -0,78%
China. Shenzhen: -0,82%
Hong Kong. Hang Seng: -0,58%
Corea. Kospi: -0.82%
Taiwan. Taiex: +0.15%
Key week in the market waiting for the dollars
After the strong rise that the financial dollars and the blue recorded last week, the government is betting on calming the market as of this Monday. From the Ministry of Economy they sought to make it clear in recent days that there will be no devaluation of the official exchange rate, as was speculated last week. Thus, it bets that the settlement of foreign exchange is normalized within the new incentive program of the “agro dollar”. In turn, they trust that this greater liquidation will bring peace of mind to the operators to begin to stabilize the dollar with liquidation, the MEP dollar and the blue.
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