Argentina’s shares and bonds slid after the opposition’s congressional win on social spending
Markets
International financial regulations require accounting for potential credit losses. The problem was reported in April and continued in May and June
Economy Ministry hits pause on Bonte 2030, offering only fixed-rate peso securities
The bond had been offered in the past two auctions, surprising the markets with its omission
Dollar at AR$1,000? Government sends message to exporters while business leaders flock to China
Argentina’s economic team swears there won’t be a devaluation and the cuts to export duties are temporary, while hinting at the next tax cuts
Investors are keeping an eye on inflation data from Argentina and the US — as well as results from major US banks
With high expectations for an IMF deal, Morgan Stanley and Bank of America recommended investing in the country’s bonds
The market is taking the news with ‘moderate optimism,’ although Wall Street did not trade on Thursday
J.P. Morgan acknowledged that a ‘technical issue’ had caused the index to be inaccurately reflected in real-time data
Payment of capital and interest on Bonares and global bonds, together with a positive international context for equities, create a positive sentiment for Argentine assets, as analysts see encouraging prospects for bonds and stocks.