The short week before Easter was not good for Argentine assets, which are caught between a climate of caution and global pessimism and the high uncertainty posed by the local scenario.
This Thursday, without operations in the local market due to the Christian holiday of Easter,
stocks and bonds performed poorly on Wall Street.
Debt titles fell more than 2% and country risk rose again to reach 2,461 points.
In New York, the papers of Argentine companies ended with mixed results.
On the rise side,
Telecom's ADR ended with a gain of 4.7%.
At the other extreme, YPF's ADR fell 2.8% and led the declines.
The role of the state oil company erased a good part of its profits this year after an adverse ruling was made known that questions its expropriation.
"The main ADRs ended up mixed and selective, mainly accompanying the ¨wait and see¨ of the north where the growing signs of economic slowdown have been reviving more defensive strategies in the face of uncertainty," said economist Gustavo Ber.
"The growing signs of weakness in the economy worry Wall Street traders, and hence the more cautious tone in the latest rounds, as it raises the risk of a recession even if it forces the Fed to take a more stance. softer ("dovish"), added.
As this Friday the international markets will not operate for Good Friday, today's session was the last of this week.
Argentine bonds began April with falls for the most part.
The market will be expectant about how, since Monday, investors digest the new announcements of a special dollar for agriculture, in a context of outflow of reserves.
For Ber, the agricultural dollar "will not create foreign currency but at least it would allow the liquidation to be brought forward and thus provide temporary relief to the negative dynamics of reserves that have been accumulating to critical levels."
The economist warned: "The effect of these initiatives - as has already happened in the past - would once again be transitory, especially considering that the associated monetary issue could end up putting even more pressure on inflation in the coming quarters
"
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