With the dollar steady, Argentine assets saw a positive turn on Wednesday Increases of up to 7% for Wall Street-listed stocks and improvements of about 0.5% for bonds.
The positive atmosphere was strengthened when Economy Minister Luis Caputo announced Your intention to buy reserves Next year, we talked about the amounts of loans that international banks could grant to the country.
Caputo mentioned the process that Reserve purchases could range from US$7,000 million to US$21,000 million in 2026depending on how money demand recovers.
This, coupled with the consolidation of La Libertad Avanza as the first minority in the House of Representatives, was enough to improve the spirit of investors choosing Argentine companies listed in New York. The highlight was the increase of more than 7% in Globant Bank, Central Puerto and Supervielle.
On the stock market in Buenos Aires Merval shares improved 2.9% in pesos and 3.5% in dollars. Also with Central Puerto and Supervielle at the helm.
On the bond side, improvements were more limited. The best performance was for AL30 with an increase of 0.7%. This was enough for Qatari risks decreased by 1.2% and stabilized at 638 points.
The retail dollar remained at $1,480 The wholesaler closed $1,454, 4% below the ceiling of the exchange rate band.
Among financial companies, the European Parliament lost 0.2%. $1,470 Cash with liquid decreased by 0.7% to $1,508. Blue dropped five pesos to $1,440.
“The Argentine bond market abroad opened positively ahead of Caputo’s speech, which would give an indication that a percentage of the dollars that will be paid in January maturities have been discounted. Beyond that, Caputo talked about buying reserves (which would lead to a greater reduction in the risks faced by the country) in exchange for an increase in demand for the peso. If this is how the reserves are expected to accumulate, The opening signals for stocks should be somewhat stronger; This is because we consider it voluntary to consider a recovery in demand for the peso when there are still many operational constraints on the exchange rate,” they noted from Aurum Valores.
“A great day for local assets that are performing much better than their peers after La Libertad Avanza was able to establish itself as a The first minority in representatives Caputo comments that global banks have offered between US$8 billion to guarantee January payment,” Proficio Investments noted, referring to 4.2 billion US dollars Which the government will face in the first month of the year.