2023-06-07 16:34:52
The leading stock index S&P Merval of the Buenos Aires Stock Exchange reached an all-time high on this day. Stockbrokers assure that it is due to the inflow of funds from abroad due to the expectation of the future.
In this context, we communicate with Juan Manuel Carnevalean economist specializing in finance, who spoke regarding the situation of the markets in the country.
“The free dollars are staying put because they are buying bonds from abroad,” explained Carnevale, who later completed: “Those who buy from abroad are hedge-funds.”
“There is electoral speculation with a possible break with Together for Change, which gives the government more opportunities,” explained the interviewee. “Being close to the elections makes speculative bonds enter that give rises in the short term”he added.
Along the same lines, the economist said that abroad they see that there are very low prices and that they have great potential for growth. “The first risk that the stock markets have is an eventual resignation of Sergio Massawhich would give the government more volatility,” he explained.
“If Argentina begins to generate certainty, it is possible that there will be investments and energy exports, the problem is between now and the end of the year”, he explained regarding the future potential of the country.
Finally, Carnevale said that there are many factors that can encourage investors. “Buying bonds seems like a great business with the outlook that is seen in the future”he concluded.
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