In the financial markets, lower-than-expected inflation in the United States generated a significant rebound, which has positively impacted Argentina's stocks and bonds that are trading higher. The S&P Merval and Argentine stocks traded on Wall Street are taking advantage of this more favorable international climate.
The reported inflation in February in the United States was 0.2%, below analysts' predictions, which has improved the mood of investors who were concerned about Donald Trump's tariff policies and fears of a recession. On the Buenos Aires Stock Exchange, the leading index of BYMA has risen by 4.4%, reaching 2,254,420 units, while in dollars it has again surpassed 1,800 points, reaching 1,835.
Stocks on the leading panel have increased by up to 7.7%, led by Central Puerto, followed by Transportadora de Gas del Sur (+6.7%), Grupo Supervielle (+6.3%), Pampa Energía (+6.2%), and BBVA (+6.1%). On Wall Street, the stocks that advanced the most are those of Transportadora de Gas del Sur (+6.9%), Grupo Supervielle (+6.9%), Central Puerto (+7.6%), BBVA (+6.4%), Pampa Energía (+6.3%), Grupo Financiero Galicia (+6.9%), and IRSA (+5.7%).
Locally, it was reported that inflation in the City of Buenos Aires significantly slowed down in February, standing at 2.1%, one percentage point below the figure recorded in January. This data anticipates the national Consumer Price Index (CPI) that will be released by INDEC on Friday, the 14th. Meanwhile, dollar-denominated bonds are trading mixed after a strong start.
Globally, bonds have experienced an increase of up to 0.6%, led by the Global 2038, followed by Global 2035, 2029, and 2041 (+0.2%). On the other hand, most Bonares have recorded declines, mainly the Bonar 2035 and 2038 (-0.2%). In this context, country risk has decreased by 5 units, standing at 718 basis points according to JP Morgan's measurement.
