Annabella quiroga
11/05/2020 1:19 PM
Clarín.com
Economy
Updated 11/05/2020 1:19 PM
The blue dollar remains on its downward trend and
falls one peso
, to settle at $ 160. It is the eighth consecutive decline and has already fallen 35 pesos from the peak of $ 195 that it had touched on October 24.
In this way, the exchange rate gap with the wholesale dollar
was reduced from a maximum of 150% to 102%
in just two weeks.
The wholesale dollar, the segment in which banks and large companies operate, started at
$ 79.08
, a rise of five cents.
The retailer, on the Central Bank average, is selling at
$ 84.63
, two cents up from Wednesday's close.
With this,
the saving dollar goes to $ 139.60.
Financial dollars opened higher.
The
cash with liqui
, the operation that allows buying dollars operating with bonds and transferring them outside the country,
rises 1.7% to $ 148.
While the MEP dollar, which facilitates the acquisition of dollars through the Buenos Aires stock exchange, increases 1 , 3%, at $ 146.3.
Country risk, the JP Morgan indicator that measures the over-cost that Argentina should pay for borrowing, remains stable at
1,431 basis points.
"We are approaching the last days of the week and the upward trend of local financial assets diminishes. With a certain slowdown in the rises,
the market sentiment is anyway more optimistic than weeks ago,
" they indicated from Portfolio Personal.
In this framework, "the country risk falls again some points to almost 1,430 points and continues to move away from maximums. In any case, as we have been remarking, the underlying problems persist, and to generate a sustained recovery,
changes will be necessary structural
".
In Buenos Aires
the Merval rises 2.1%
and accumulates a rise of 5.6% so far this week.
The entire center panel trades up.
In New York,
Argentine stocks once again have a rising day.
In balance presentation season, this Thursday the star is
Tenaris
, which
rises 16%
on Wall Street.
The Techint group company also rises 13% on the Milan stock market, as a result of having recorded better than expected results in the last quarter.
The board of directors approved the payment of an advance dividend of US $ 0.07 per share, or approximately
US $ 83 million.
Another of the stocks that rose sharply was Mercado Libre, with a 6% rise.
Thus, it replicates the increase on Wednesday, when it presented its balance,
In the midst of the pandemic, Mercado Libre managed to consolidate itself as the great electronic commerce platform.
Between July and September, it
earned US $ 83.1 million
and reaffirmed itself as the most valuable company in Argentina.
Yesterday its market capitalization reached
US $ 61,341 million
, the highest for Latin America.
Shares of Globant, another Argentine unicorn, also rose 6% on Wednesday.
This Thursday they rebounded 4.4%.
YPF also performed well, with increases of 5.7%.
After a weak October all ADRs show increases so far in November.
The Dow Jones index rises 2.2%, while expectations remain for the definition of the presidential race between Joe Biden and Donald Trump.
AQ
Look also
Due to the rise in the dollar, fixed terms in pesos fell 5% in October
After the drop in alternative dollars, Martín Guzmán bets on "a stability of 60 to 90 days"
