The equity segment at the local level and abroad are traded green, in tune with the trend with which the NYSE market operates.
For mark phillip
12/23/2022 – 12:38 p.m.
The ADRs of Argentine companies on the New York Stock Exchange They register most increases of up to 3.6%, led by Central Puerto, in a session in which the main US stocks operate with increases. At the local level, the Buenos Aires stock market extends the greens and advances 1.62% and scores a new record in pesos, settling at 185,600.38 points. Meanwhile, measured against the dollar counted with liquidation, it stands at US$553.
In the fixed income segment, sovereign bonds under foreign legislation recorded slight increases of up to 0.70%, where ehe performance of the Global 35, while the titles in pesos with CER adjustment operate with increases of up to 0.38%, led by the TX28.
As relevant to the day, the IMF Directory formally approved the third technical review of the agency’s program with Argentina, corresponding to the quantitative goals for the third quarter of 2022. Thus, a disbursement of nearly US$6 billion was released. Specialists from the city of Buenos Aires estimated that the goals for the fourth quarter of 2022 could also be met, “which would keep the program performing at least during the first months of 2023.”
From the Fund they highlighted that, despite the fact that the “continuous decisive policy actions are beginning to bear fruit” the “macroeconomic imbalances persist and conditions remain fragile” so “continuity in the implementation of the program will be critical to achieve the key objectives and maintain the program as an anchor for stability.” In addition, they warned about “change restrictions and practices of multiple exchange rates”, which “should be avoided and removed as soon as conditions allow”.
What happens in world markets
Wall Street extends the losses, product of the massive sales of the day yesterday that affected the mood of the square, after the warning of the chip manufacturer Micron Technology on the semiconductor industry and strong data from the labor market and consumer spending that confirmed the outlook for “higher for longer” interest rates.
On the economic front, the underlying price index, the Fed’s preferred measure of inflation, rose to 5.5% annually in November and 0.1% from the previous month. The data marked a moderation from the readings of 6.1% and 0.3%, respectively, in October.
Argentine shares in New York register gains and the Merval marks a new all-time high
Meanwhile, the personal expense it stagnated in November, being the weakest figure since July.
Although the inflation measure preferred by the Federal Reserve continues to decline, unfortunately for the market it is happening at the same time that consumers continue to reduce their spending.
Wall Street
The main Wall Street indices are trading higher. Thus, the S&P 500 adds 0.39%; the industrial Dow Jones gains 0.20%; and the technological Nasdaq advances 0.01%.
Merval
The Merval registers a gain of 1.62%. Thus, the rises of the leading shares were registered by Central Puerto (3.42%); Black Hill (3.52%); and Ternium (2.55%).
ADRs
The Argentine shares listed on the New York Stock Exchange operated with a majority of greens led by Central Puerto (3.6%); Telecom Argentina (3%); and Tenaris (2.1%).
bonds
Sovereign bonds under foreign legislation record slight increases of up to 0.70%, where the performance of the Global 35 stands out, while titles in pesos with CER adjustment operate with increases of up to 0.38%, led by the TX28.
Risk country
The country risk is located around 2,096 basis points.
