With high expectations for an IMF deal, Morgan Stanley and Bank of America recommended investing in the country’s bonds
Markets
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.
MAE and Matba Rofex merged into A3, which will begin operations in 2025
The EMBI index, which was 1,920 points when Milei took office, has fallen below 1,000 for the first time since August 2019
The AFIP will be replaced with a new, reduced agency and over 3,000 jobs are on the chopping block
Cepo: Argentina’s CNV relaxes exchange market restrictions with 2 changes
The agency lifted a restriction on participants who had taken short-term loans in dollars for MEP and CCL operations, and removed a 5-day notice period for large operations
‘Uncertainty’ over government decision to postpone end of exchange restrictions
Analysts say that the roll back of the PAIS tax signals that the priority is lower inflation and not the end of the ‘cepo’