Financial Day: Driven by Optimism in Brazil, the Country Risk Fell Below the 600 Basis Points
5 Articles
5 Articles
The S&P Merval rose 3.7%, behind the 8.9% increase in the São Paulo Stock Exchange. Dollar bonds recovered more than 2% on average and the JP Morgan index yielded 599 units. The dollar followed $1,540 in the Banco Nación and the BCRA bought USD 14 million in the market.
In the midst of the ultra-conservative wave in America, the first round of elections places the son of the former president imprisoned as a favorite before Lula
The Country Risk Pierced the Floor of the 600 Points After Bessent's Support and Bolsonaro's Triumph
The rise reached not only Argentine bond prices, but also Argentine shares, which increased between 5 and 6.5% in the New York Stock Exchange, in the midst of a climate of euphoria.
The Argentine market started the week with a strong sign of relief: the country risk perforated again the 600 basis points and was located at 599 points, after having closed on Friday at 648/655 units, according to the reference measurement of JP Morgan. The improvement occurred in a day marked by the strong advance of Brazilian assets after the result of the first presidential round, which had Flávio Bolsonaro and Luiz Inácio "Lula" da Silva as…
Argentina's bonds and shares reacted strongly after the election in Brazil. The entry The Bolsonaro effect reached the markets: the country's risk collapses and Argentine shares recover ground was first published in #BorderPeriodismo.
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