Stocks also show significant rises in the market, as the Buenos Aires Stock Exchange is closed today for the Carnival holiday and will remain so tomorrow. This emphasizes the importance of what happens in the international arena, where initially an increase in assets is observed.
The International Monetary Fund announced on Friday that progress has been made in drafting the program with Argentina, and on Saturday, President Javier Milei announced that he would send the project to Congress for approval. Despite the lack of concrete data, investor reaction has been mostly positive at the beginning of the day, suggesting a favorable outlook.
Initial doubts were related to potential political tensions that could arise during the debate in Congress. However, the market's initial responses to the news of an imminent agreement with the IMF have been favorable, reflected in rises in stocks and bonds, according to some operators. In bond trading, increases of over 1% are observed.
**Quote:** "The initial market reactions to the announcement of a forthcoming agreement with the IMF are positive with rises in stocks and bonds," mentioned one of the consulted operators.
