Monday , November 18 2019
Home / argentina / The stock market in Buenos Aires rose 0.5% and marks the fourth consecutive progress

The stock market in Buenos Aires rose 0.5% and marks the fourth consecutive progress



S & P Merval's stock market index in Buenos Aires has advanced 0.5%, to 36.218,07 points. The local stock market rises from Monday to about 4%.

Central Puerto Stocks (+ 4.2%); Supervielle Group (+ 2.4%); and Ternium (+ 2%).

It should be borne in mind that the stock exchange in Buenos Aires averaged 36,000 points for the first time on Wednesday, and therefore restored the historic peak in the weight after the US Federal Reserve maintained these rates and confirmed that it would be "patient" at future rate increases. .

With the growth of global markets, the S & P Merval Index of the Argentinean Stock Exchange (BYMA) accelerated its upward trend in its last business hour and grew by 1.5% to 36,037.11 points after marking the historic maximum value of intra-day 36,124.77 points.

Following four increase in interest rates in 2018, Fed President Jerome Powell said on Wednesday that the reasons for further increases "weakened" by currents that complicate the pace of the US economy (he called low inflation and some global risks).

"In this environment, we believe that the best support for the economy is the patience in assessing the looks before making any future adjustments," the Fed said.

In this context, US stocks rose sharply on Wednesday, prompting local investors to expand positions.

Federal reserve disclosures convinced markets worried about slowing economic growth in the United States.

Fixed income and country risk

In the fixed income segment, on the other hand, dollar bonds are also exchanged on Thursday.

The discount is 0.3%; Bonar for 2020 falls by 0.7%; Bonar 2024 works steadily, while Argentina 2037 gets 0.2% and Centennial Bond is 1.4%.

Finally, the country's risk in Argentina, which measures JP Morgan, fell by 18 basis points to 670 units on Thursday.


Source link