The day after Donald Trump's inauguration as president of the United States, the markets operate higher and weigh the good relationship of Javier Milei with the new president. The S&P Merval rises by 2.8%, while dollar-denominated bonds operate mixed, keeping the country risk around 640 basis points.
After attending Trump's inauguration, Milei travels to the World Economic Forum. Support from the U.S. and progress in negotiations with the International Monetary Fund (IMF) were the main results of his visit to Washington DC, according to market analysts.
"There was a trade surplus in December of $1.666 billion, marking 13 consecutive months of positive balance," analysts highlight. Exports increased by 33.4% year-on-year, reaching $7.035 billion, while imports grew by 26.2% in 12 months, totaling $5.369 billion. 2024 closed with a cumulative trade surplus of $18.899 billion.
In the economic arena, Trump announced plans to impose tariffs of 25% on imports from Mexico and Canada starting February 1. He also promised to boost U.S. energy development and revoked measures that blocked drilling in most coastal waters of the country.
On the Buenos Aires Stock Exchange, the leading stocks that rise the most are Central Puerto (+5.2%) and Loma Negra (+4.1%). The Bonar 2041 is the one that rises the most in the index that measures country risk by J.P. Morgan, standing at 641 units.
