Second day with green numbers in the Merval: why the market expects a change in trend

2023-11-02 19:20:55

After the elections, many Actions were strongly affected in their price while the CEDEARs They also had a very big drop following the price of the CCL went back.

In this context, the team Channel E He contacted the journalist and economist, Adrian Morenoand with the market expert, Santiago Llullwho spoke regarding the latest variations in the national and international financial market.

Financial markets

“We are facing a second consecutive day of green numbers in Merval”said Llull, who then added: “The SP changed the trend a little and is following what is happening on the international scene.”

“The market discounts that the rate hike by the FED ended and they expect them to go down and go to variable income assets such as stocks,” he explained. On the other hand, Moreno said that there is optimism in international finance.

“We are eagerly waiting for the rate to drop so that the CEDEARs rise, a very useful tool to diversify the portfolio,” explained the expert. “Mercado Libre had great growth in its income and exceeded expectations,” he added.

Likewise, the interviewee said that the balance made the Argentine unicorn rise 1%. “The consensus is that the technology companies are doing very well, Apple’s balance sheet is going to be good.”he explained.

Finally, Llull said that a change in trend is expected in international markets. “If this upward trend continues, “It is expected to return to the levels of July of this year,” he concluded.

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