Annabella quiroga
11/11/2020 11:47
Clarín.com
Economy
Updated 11/11/2020 11:47
After Tuesday's $ 149 price, the blue dollar appears to have hit a bottom.
At the opening of this Wednesday it bounces and
rises six pesos,
to settle at $ 155.
The blue had fallen by
$ 46 from the peak of
$ 195 it had touched in October.
In this way,
the blue dollar once again distances itself from the "cash with liqui"
, the stock exchange operation that allows dollars to be obtained abroad.
Yesterday throughout the day they were almost tied, but at the end of the wheel, as usually happens, the CCL fell, pushed by the interventions of official bodies and closed at
$ 146
.
This Wednesday,
financial dollars opened higher.
The CCL increased 1.4%, to $ 148.4 and the MEP dollar, which allows you to acquire foreign currency through the stock market, rose 0.8%, to $ 142.55.
This Tuesday, the country risk started stable at 1,347 basis points.
The JP Morgan indicator that measures the excess rate that Argentina should pay for borrowing had fallen by 5.4% on Monday, although it later closed with a decline of 2.7%.
The wholesale dollar, the segment in which banks and large companies operate, remains at
$ 79.43
.
The retailer hits
$ 85.05
, ten cents up from yesterday's close.
This brought the savings dollar to
$ 140.3.
Thus, the market continues to move in step with the positive signals that the Government gives it.
In addition to the issuance of bonds for
US $ 750 million
to remove pressure on the exchange rate, this Tuesday the IMF mission began to advance in the negotiations and obtain a new agreement to repay the debt with the organization.
In this framework, the Merval maintained the upward trend of Monday and
rises 4.4%.
On Wall Street, the prices of Argentine companies opened higher.
Yesterday was a great day for ADRs
.
Banks were among the most favored,
led by Supervielle with an increase of 9%
The positive impact of Pfizer's vaccine developments was still being felt.
This allowed
YPF to lead the rise among Argentine ADRs with a 15% rise.
With the promise that the end of the pandemic is closer, the actions of the oil and energy companies soared around the world.
And despite the fact that it bears the "Argentine risk", this time YPF was on the side of the winners, which gives it a break in a year in which the shares of the state oil company show
a 60% collapse.
Instead, the global trend continues to hit technology, the segment that had gained the most from the coronavirus crisis and which has
been biting the dust
since Monday
.
That is why on Tuesday Globant and Mercado Libre fell around 7% and maintained the negative trace of yesterday.
At a global level, the same happens with Amazon, which yesterday lost 3.5%, and with Zoom, the virtual meeting platform that had exponential growth in the pandemic, greater than 500%, and that since yesterday
shows falls close to 10% .
AQ
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