The White House yesterday afternoon announced a historic trade deal with Argentina after months of negotiations with the United States. This news had a positive impact on the stock prices of companies related to agribusiness and the steel sector.the items that would benefit most from the trade agreement.
In the international level red number wheel, The Buenos Aires stock market broke the trend and rose 2.4%. By midday, 2,952,905 units were trading, equivalent to US$1,983 after adjusting for settlements.
This is what stands out when we look at our main panel of companies with the highest business volume in the market. BBVA (+5%), metro gas (+4.1%), aluminum company alal (+3.6%), black hill (+3.5%) and silver commercial association (+3.3%). steel manufacturers Ternium, This was also supported by the news, rising 2.8%.
But the biggest rise of the day was in the General Panel, led by actions related to this area. The enthusiasm is evident in the paper on citrus fruits. saint michael, Like Sociedad Imp, it increased by 22.8%. y Experience points de la Patagonia (La Anonyma), increased by 13.71%, sworn investor (12.2%).
This strong demand from the agricultural industry sector is in direct response to the following statement from the White House: Pledges to work to improve access to beef and ‘a wide range of agricultural products’. The market sees this opening as the kick-off of a new era of export expansion for the sector, which will benefit from privileged access to the competitive North American market.
“The trade agreement with the U.S. Optimism returns as market opening takes hold Regulations to facilitate commercial exchange. In this context, the country is trying to materialize investments in the face of this opportunity to expand its exportable markets,” said Ignacio Morales. chief investment officer From Wise Capital.
on the other hand, sovereign debt It is dyed green. Bonales shows an increase of 1.11% (AL30D) and Global up to 0.78% (GD35D). Country risk ended Thursday at 615 basis points. Meanwhile, analysts expect the index to fall further in the coming months as Argentina needs to refinance its upcoming debt maturities.
“If we can reduce the country’s risk to the level of Macri’s best moments, Merval could rise above 2,500 points.”it will take us to a new record. Predictions are that if conditions are properly maintained and managed, hArgentina’s assets have plenty of room to grow Then the index will continue to improve,” predicted Gustavo Araujo.be at the forefront of research From the standards.
Focusing on the foreign exchange market, official dollar At Banque Nation, it is trading at $1,430, the same as the previous closing price. According to a survey by the Central Bank of Japan (BCRA), the average price is $1,433.26.
he The official wholesale exchange rate is estimated at $1,404.92. This corresponds to a decrease of $3.13 (-0.22%) per day. This week, the government reiterated that the exchange rate scheme remains unchanged and that the exchange bands are now “adjusted” with a floor of $930.82 and a ceiling of $1,502.98.
of financial exchange rates They behave completely differently. on the other hand, MEP dollar It was listed at $1,455.74 in the capital market, down $6.30 compared to Thursday (-0.4%). on the one hand, Cash settlement (CCL) Advance $2.05 and sell for $1,488.61 (+0.1%).
About The Author
