After taking office as President of the United States, Donald Trump revoked regulations that limited drilling in most of the country's coastal waters. On the Buenos Aires Stock Exchange, the most notable stocks include Central Puerto, which rose by 5.2%, and Loma Negra, with an increase of 4.1%. The accumulated trade surplus for the year 2024 stands at 18.899 billion dollars. In economic matters, Trump has announced his intention to implement a 25% tariff on imports from Mexico and Canada starting on February 1. The country risk remains close to 640 basis points.
Javier Milei was present at the inauguration ceremony and continued his agenda by traveling to the World Economic Forum. The country risk, measured by the J.P. Morgan index, stands at 641 units, while dollar-denominated bonds continue to trade mixed, with Bonar 2041 showing the most progress, with an increase of 1.4%. The progress in negotiations with the International Monetary Fund (IMF) was the most notable achievement of his recent visit to Washington D.C. In commercial terms, December reported a surplus of 1.666 billion dollars, marking 13 consecutive months of positive balance.
The day after Donald Trump's inauguration as President of the United States, financial markets have shown positive behavior, reflecting the favorable relationship between Javier Milei and the new president. Exports grew by 33.4% year-on-year, reaching 7.035 billion dollars, while imports increased by 26.2% in the same period, totaling 5.369 billion dollars. The S&P Merval index experienced an increase of 2.8%, while dollar-denominated bonds show mixed performance. Market analysts emphasize that the backing of the U.S. is key in the global economy. Furthermore, the Republican president has promised to promote energy development in the U.S.
