TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975
info@mountequitygroup.com

15 days before the elections, the stock market rose and the dollar remained stable: the reasons behind the optimism of the market

Mount Equity Group Tokyo, Japan > News > Markets > 15 days before the elections, the stock market rose and the dollar remained stable: the reasons behind the optimism of the market

The Argentine market closed a good week, with positive numbers in bonds and Actions. A true rally, as they say in the jargon of the market. The dollarFor its part, it remained practically unchanged and brought calm to the Government. 15 days from PASO, the market is optimistic and various internal and external factors underpinned the increases.

While the Government and the opposition argue about who took on the most debt, the bonds closed the week in positive territory, with hikes of between 3.6% and 4.6%. The largest increases occurred in Global bonds in 2030 and 2035. Consequently, the risk country cut 69 units in the week (-4.32%) and closed at 1530 points.

The actions, meanwhile, jumped in Buenos Aires and New York. At the local level, the leading indicator of the Buenos Aires market, the S&P Merval, gained 7.93% in pesos and 8.54% measured in dollars counted with settlement, according to SBS group calculations. The best…

Read more…