2023-08-03 12:28:03
New deadlines for purchase and sale operations of sovereign bonds in foreign currency are made official
The National Securities Commission (CNV) formalized the new terms for purchase and sale operations of public securities in foreign currency, through general resolution 969/2023 published today in the Official Gazette.
In it, the CNV established the conditions under which agents may process orders to arrange purchase operations of sovereign bonds denominated and payable in dollars with settlement in foreign currency, in the segment of concurrency of offers with price-time priority and in immediate cash or 24-hour cash settlement terms.
The regulation specifies that it can only be carried out “if during the previous 15 calendar days, the client did not carry out sales operations of bonds denominated and payable in dollars issued by Argentina under local or foreign law, with settlement in foreign currency, in the segment of concurrency of offers with price-time priority”.
Likewise, it adds that there must be “reliable evidence of not doing so in the subsequent 15 calendar days.”
Oil registers losses in New York and London
The barrel of crude oil was trading low in the international markets of New York and London.
West Texas Intermediate (WTI) crude, which operates on the New York futures market (Nymex), fell 0.05% this morning and was trading at US$ 79.45 a barrel in contracts with delivery in September.
Similarly, Brent oil from the North Sea, which is traded on the London electronic market (ICE), lost 0.07% and a barrel was agreed at US$ 83.14 but in contracts for October, according to with what was reported by the Bloomberg agency.
Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) reported that its crude basket closed yesterday at US$86.66 a barrel, compared to US$86.60 the day before, which represented an increase of 0. 06%
The stock markets of Europe operate with a negative sign
The main stock markets in Europe operated at a loss, according to data from the Bloomberg agency.
UK…….FTSE…………-0.80%
France………….. CAC………….-0.68%
Germany………..DAX…………-0.65%
Spain………… IBEX……….-0.27%
Italia……………….FMIB………….-0,88%
Stock markets in the Asia-Pacific region closed with mostly losses
The main stock markets of the Asia-Pacific region closed with the majority of negative results, in a day in which the one in Taiwan did not operate due to being a holiday in that country. according to data from the Bloomberg agency.
Japan…………Nikkei…………-1.68%
China…………. Shanghai………..+0,58%
China……..Shenzhen………..+0,27%
Hong Kong…..Hang Seng…-0,49%
Korea…………..Cospi…………… -0.42%
Raise the Income Tax floor to $700,000 starting this month
The Government announced this Thursday the rise in the non-taxable minimum of Income Tax. As reported by the Ministry of Economy, as of this month, only remunerations greater than $700,875 gross per month will be taxed.
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The dollars that come in and the ones that go out
The net result for the operations of the Central Bank in the exchange market showed a negative balance this Wednesday, following seven consecutive rounds of net purchases of dollars by the monetary authority. The open market operations (MULC) of the day reflected a net sale of 99 million dollars, mainly due to the purchase of foreign currency from the oil company YPF to face a debt payment of 225 million dollars.
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