Sunday , June 26 2022

The Buenosaar stock market was only 0.6% after the Fed's decision



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The leading panel went up 29,968.28 units having collected a 4.3% reduction in two previous sessions.

The main increase was recorded by shares Banco Galicia (2.5%), Central Port (1.8%) to Metrogas (1.7%). Although the highest losses were recorded by Edenor (1.6%), Cablevisión (1.4%) and North Gas Transportadora (1%).

Y an index rose 2.3% but broke its cross-section after the US Federal Reserve (FED) raised interest rates by 0.25 percentage points and gave a very clear sign that it will slow down the rate of future growth as it monitors the economy's progress.

Y travel was in line with Wall Street, which fell after investors were disappointed with the tone of the Fed.

The results showed that Dow Jones Industrial Average had lost 1.5% to 23,322.88 points, the Nasdaq fell from technological stocks 2.2% to 6,636.83 and S & P 500 fell from 1.5% to 2,506.87. Before announcing the Food, the three won almost 1%.

Central bank decisions of the United States They have a direct impact on all emerging economies, such as Argentina.

"Beyond to take the northern bounce, following Powell's decision, Domestic assets still lack a strategic demand due to fears growing for the electoral risk & # 39; and risk of refinancing & # 39; from the decline of resources and the IMF, "says economist Gustavo Ber.

For the expert, "as long as the country's risk is not to reduce, in order to recover access to external voluntary credit, it could even use any repayment as an opportunity for foreign investors to be sold, 39; n definitely come back in a strong state for recovery beyond the most attractive valuations ".

Fears grow over the electoral risk & # 39; and risk of refinancing & # 39; from resource impairment and IMF "(Gustavo Ber, economist)

Bonuses

The main bonds in dollars (operating in pesos) were closed in a positive territory. Bonar 2024 was higher 1.6%, Bonar 2020 rose 0.3% and won the fall under Argentine law 1%.

In the meantime, Only one unit that rises the country's reach to 782 base points.

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