Markets: Argentine Stocks and Bonds Rise Strongly After the Official Victory in CABA

Argentine ADRs rise up to 9% on Wall Street, while public titles in dollars advance 1.5% on average. S&P Merval gains 3.8% as a repercussion of the election result in CABA

The country's risk recedes and is located at 651 points The post Argentina's actions rise again in Argentina and Wall Street appeared first on Trade and Justice.

After the decisive election result in the Autonomous City of Buenos Aires, where La Libertad Avanza was imposed in the legislative elections, the financial markets responded with optimism. Argentina’s shares listed on Wall Street were higher than 6%, while sovereign bonds in dollars operated with rises of close to 2%....

The Argentine economy is undergoing a moment of redefinition in its main financial variables. At the domestic level, April inflation closed at 2.8%, below the 3.7% recorded in March, which generated a change in expectations among investors regarding the behavior of prices. At the political level, the victory of the ruling party in the legislative elections of the Autonomous City of Buenos Aires strengthened the position of the government and dir…

Sovereign bonds also operate on the rise, with increases of up to 2%.

Argentina's shares listed on Wall Street show an upward trend this Monday, with up to 7% rise, in a context marked by the outcome of the legislative elections in the City of Buenos Aires.The highest increases include Telecom (+6.76%), the Supervielle Group (+6.56%), Edenor (+5.57%) and Central Puerto (+5.16%).This positive development contrasts with the decline of the main stock markets indexes in New York, after Moody’s reduction in the credit …