2023-07-18 17:31:07
PUBLIC DEBT REACHED A RECORD OF US$403,809 MILLION
Argentina’s gross public debt climbed to US$403,809 million in June, thus reaching a new record, according to data published by the Ministry of Economy.
Last month, the liability increased by US$4,960 million due to a drop in debt in currency of US$1,852 million and an increase in debt in local currency for an equivalent amount in dollars of 6,812 million.
Meanwhile, in the last year the gross debt in a situation of normal payment increased by the equivalent of US$25,270 million, due to the increase in debt in foreign currency by US$2,179 million and the increase in debt in local currency for an amount equivalent to US$23,091 million.
The Merval rises and shares of Argentine firms on Wall Street operate with rises
The S&P Merval index rises 0.34% and stands at 458,435.80 units following the half-round in the Buenos Aires market, while the shares of Argentine companies on Wall Street advance up to 4.5%.
In the leading panel of the Buenos Aires stock market, mixed results were observed and within this framework, the papers of Supervielle and Aluar recorded the most important advances, with 3% and 2.8%, respectively.
Central Puerto (-1.4%) and Edenor (-1.3%), among other shares, operated with a negative trend.
For their part, the ADRs of Argentine companies on Wall Street marked the majority of increases, with the exception of Edenor (-3.8%), Cresud (-0.6%) and Central Puerto (-0.2%).
The increases were led by Corporación América (4.5%) and YPF (3.1%).
In the fixed income segment, bonds in dollars registered a mixed trend, with improvements of up to 1.3% and cuts of up to 3.3%; while titles in pesos operated with increases of up to 0.7%.
Thus, the country risk operated with a slight rise of 0.6% and stood at 2,054 basis points.
Chicago Grain Futures
Grain futures were traded on the Chicago Market with positive results: soybeans advanced 0.79% and traded at US$ 549.59 a ton in August futures contracts.
Meanwhile, corn rose 3.10% and was traded at US$202.65 while wheat rose 2.14% and was traded at US$245.36 in September contracts.
Most positive results on international stock markets
The main international stock markets registered today the majority of positive results in their main assets, while oil operated with profits in the reference markets.
The main stock markets of the Asia-Pacific region closed today mostly with negative results, according to the Bloomberg agency. Taiwan fell 0.61%, Seoul 0.43%, Hong Kong 2.05% and China fell 0.34% in its Shenzhen index and 0.37% in Shanghai; on the other hand, in Tokyo it rose 0.09%.
In Europe, the main stock markets operated with positive results: Paris advanced 0.45%, Frankfurt 0.42%, Milan 0.38%, London 0.66% and Madrid 0.24%.
In the New York markets, its main index, the Dow Jones Industrials, added 0.01% and stood at 34,935.96 points; while the selective index S&P 500 rose 0.35% and the technological Nasdaq subtracted 0.14%.
For its part, the São Paulo Stock Exchange in its main index, Bovespa, grew 0.12% and was located at 118,363.93 points.
The price of the MEP dollar and the cash with liqui
In the stock market, the dollar with settlement (CCL) fell 0.4% and was traded at $531.76.
For its part, the MEP or Stock Market dollar advanced 1.3% and was quoted at $494.06.
Meanwhile, the Argentine country risk was located at 2,054 basis points, according to the index prepared by JP Morgan.
The Merval operates with a rise in the opening
The main indicator of the Buenos Aires Stock Exchange, the S&P Merval, operated at today’s opening with a rise of 0.47%, settling at 459,005.33 points.
Meanwhile, the volume traded in shares exceeded $280 million.
The New York Stock Exchange opens with ups and downs
The New York markets operated today with a mixed trend and its main index, the Dow Jones Industrials, rose 0.58% to settle at 34,785.93 points, at the beginning of the trading day.
Meanwhile, the selective S&P 500 index registered a rise of 0.15%, while the Nasdaq technology index fell 0.22%, according to the Bloomberg agency.
The Bovespa index rises at the opening of the São Paulo Stock Exchange
The Sao Paulo Stock Exchange registered a rise of 0.42% today at the beginning of the day, when the Bovespa index reached 118,710.28 points.
Meanwhile, in the exchange market the price of the dollar rose 0.06% and was traded at an average of 4.8113 reais per unit, according to the Bloomberg agency.
The Secretary of Finance, Raúl Rigo, joins the team negotiating with the IMF
The Secretary of the Treasury, Raúl Rigo, will travel tonight to Washington to join the members of the economic team who arrived this morning to finalize the final details of the agreement with the International Monetary Fund (IMF).
The outpost of the Palacio de Hacienda, which will hold meetings today with the authorities of the organization, is made up of the Secretary for Economic Policy, Adolfo Rubinstein, the head of advisors to the Ministry of Economy, Leonardo Madcur, and the vice president of the Bank Central, Lisandro Cleri, as reported in the Palacio de Hacienda.
Rigo’s trip is directly related to the fiscal chapter that is being agreed with the IMF, as he is an expert in the matter.
If the negotiations progress successfully, it is presumed that the Minister of Economy, Sergio Massa, would travel these days to finish signing the agreement, which might be signed this Friday and then await the approval of the Board, according to sources consulted.
Drop the blue dollar
The blue dollar is down $1.
The listing is now $519 for sale and $514 for purchase.
How much is the country risk
The country risk remained at 2,054 basis points, according to the index prepared by JP Morgan.
The retail dollar opened today at $266 for purchase and at $279 for sale on the Banco Nación blackboard, at the same closing values as yesterday.
The price of bioethanol increases 4.43%, in line with the adjustments made by YPF
The Ministry of Energy authorized a 4.43% increase in the purchase price of a liter of bioethanol, both for those made from sugar cane and corn, through resolution 588/2023 published today in the Bulletin Official, in line with the increases that YPF ordered for its fuels.
The same established for the two variants of bioethanol a price of $172,759 per liter for the operations carried out as of last July 8, the day on which the national oil company adjusted the prices of its grade 2 and 3 gasoline sold through its service stations in the City of Buenos Aires.
This is the second increase in less than a month, since resolution 554 of June 30 set a price of $165,432 for both varieties of bioethanol, an increase equivalent to 6.61%.
The prices set today will apply until Energía sets a new provision to replace them.
The opening price of the dollar
The dollar opened unchanged from its closing price yesterday.
At Banco Nación, the official dollar is $279 for sale and $266 for purchase.
The blue dollar is trading at $520 for sale and $515 for purchase.
The final tussle with the old Monetary Fund
By Leandro Renou
The final, decisive and even dramatic stretch of Argentina’s negotiation with the International Monetary Fund (IMF) turned into a handful of tensions because the previous theory of many analysts and negotiators was confirmed: finally, the raid that took Christine out of the organization Lagarde and ended up depositing Kristalina Georgieva following the scandalous loan to Juntos por el Cambio, did not represent a positive variation of the body’s gestures and the United States Republican establishment towards Argentina and the rest of the debtors. The harshness of the IMF in the final tussle, with insistent requests for devaluation, strong adjustment of the fiscal year, review missions and games with the electoral times of the presidential ones, showed the most complex face of the organism. Beyond the nuances, it is the photo that is seen in the facts.
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Oil posts gains in New York and London
The barrel of crude oil traded with rises in the international markets of New York and London.
West Texas Intermediate (WTI) crude, which operates on the New York futures market (Nymex), advanced 0.44% this morning and was trading at US$ 74.48 a barrel in contracts with delivery in August.
Similarly, Brent oil from the North Sea, which is traded on the London electronic market (ICE), gained 0.37% and a barrel was agreed at US$ 78.79 but in contracts for September, according to the bloomberg agency.
Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) reported that its crude basket closed yesterday at US$80.05 a barrel, compared to US$82.06 last Friday, which represented a decrease of 2, Four. Five%.
The stock markets of Europe operate with ups and downs
The main stock markets in Europe operated without a defined trend, according to the Bloomberg agency.
United Kingdom…….FTSE……….+0.09%
France………….. CAC………….+0.01%
Germany………..DAX…………-0.05%
Spain………… IBEX……….-0.30%
Italia……………….FMIB………….+0,02%
Stock markets in the Asia-Pacific region closed with mostly losses
The main stock markets of the Asia-Pacific region closed today mostly with negative results, according to the Bloomberg agency.
Japan…………Nikkei…………+0.32%
China…………. Shanghai………..-0,37%
China………….Shenzhen……….-0,34%
Hong Kong…..Hang Seng…-2,05%
Korea…………..Cospi…………… -0.43%
Taiwan………. Taiex………………-0.61%
IMF effect: Stocks and bonds rose
The shares of the Buenos Aires stock market registered a jump of 3.1 percent. There is speculation in the market that there will be an agreement soon with the International Monetary Fund, which drives the price of stock assets. Foreign currency sovereign bonds also marked increases of up to 2.6 percent. In addition, the blue dollar marked a drop of 2 pesos, to close at 520, in line with the expectations of the closing of the negotiations with the IMF.
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