Nine reasons that have returned the euphoria to the stock exchange and reduced dollar and country risks


And the band replayed. The dollar, which on Tuesday withdrew from the lower floor of the flotation belt, rose by almost 30 cents, lost all the acquired territory and was a half and a half of the minimum price from which the central bank has promised to intervene with the purchase of a maximum of USD 50 million per day.

The dollar, as is known, is adjusted daily to 2% per month. When the price does not match this requirement, the presiding entity Guido Sandlerisin accordance with an agreement with the International Monetary Fund. So far, it did not have this commitment because the market reacted without official presence.

In the Argentine extremism, the dollar has stirred up time. From the center of life he becomes despised. Today, investors are blinded by stock growth and interest rates. A quiet dollar is a big deal for those who earn 4.5% per month in a certain period of time.

What happened? These are the factors behind the decline in the dollar and the better mood of local financial markets.

– Peace for Progress nUnited States and China.

weakening of the dollar ahead of other currencies for the least commercial confrontation.

Reduction of US government bonds helping to reduce the risk in Argentina by improving the parity of its debt securities.

Constants Walls of the Wall Street in 2019 (Only one bike has dropped since the beginning of the year), which has expanded to the world's stock markets.

Ascent of oil, an indicator that a good pace of growth is expected in the world. Brent increased by 2.98% and amounted to 60.42 per barrel. He's threatened to reach $ 70.

Ascent of grains. Soy has increased by almost 0.70% and amounts to 336 USD.

– The fact that the Federal Reserve, the United States Central Bank, ideas on freezing freezing in 2019shows that indebtedness costs will not increase and that Argentina with lower state risk than the current one can return to international debt markets.

Resurrection of Brazil, the main party of Argentina.

Improving research by official candidates.

Thus, the dollar in banks and stock exchanges ended with a fall of 13 cents to $ 38.50. "Blue" followed the opposite way and rose by 50 cents. With some operations, it closed at $ 39.75.

Instead of the wholesale dollar that applies to businesses, and in particular to exporters and importers, has stumbled and lost 23 cents. It is not excluded that the currency is growing due to lower rates of the central bank. If it does not respond to market forces, the central bank may intervene in the purchase of a foreign currency. Do not forget that the exporters have been ordered to withhold $ 4 USD and that this level of swapping is back.

In the offer of liquidity letters (Leliq), the central bank invested 155,303 million dollars. Since this figure exceeds nearly $ 25 billion in maturity, this amount is withdrawn from circulation and dried more squarely. The reduction rate was 59%, which is 0.15 points less than the previous day. The average rate at which these securities were given only to banks was 58.78%, which is only 0.02 points less than on Tuesday.

The paradox is that in all parts of the world, when the market is dry, the rates rise, because the demand of those who ask for loans must be met. But in Argentina, where the banking system operates in a nationalized way, because all the fixed terms are accepted by the central bank, a reversed position occurs.

Reserves increased by 127 million dollars to 65,944 million euros because abroad, the rise of the euro and other currencies, other than gold, earned $ 140 million and only one million payments to Brazil.

Regional risk decreased by 1.65% to 714 basis points. A significant level compared to a maximum of 830 points played a few weeks ago.

Bonds such as Bonar 2024, a market benchmark, rose by 0.54% compared to the dollar drop of 0.61%. In addition, the US Treasury, which is the country risk measurement reference, has brought in and has grown at its lowest price to 2.72%.

On the stock exchange, euphoria continued, after a slight delay on Tuesday. Operating for USD 1,147 million which almost tripled two weeks ago, the Merval index increased by 2.60%.. Around the noon, at the best moment in the market, it was 4.15% higher.

Central Puerto (+ 6.80%) was the highlight. The dollar also monitors energy prices.

On Wall Street, during ADR, equity certificates were almost absolute dominance of increases. Edenor only dropped (-0.25%). Loma Negra (+ 5.22%) continued its growth. This document increased by 10% in dollars within two days. Banco Supervielle (+ 4.26%) recovered from the day before.

A wheel on Thursday is likely to find a rising dollar that will avoid the waist of the waist. In addition, a good mood coming from the United States and predicting that oil will continue to increase will bring another good bike to the stock market.


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