Today, stocks and bonds showed a positive performance in the financial market, even though investors continue to await more information about the agreement with the International Monetary Fund. Argentine bank stocks listed on Wall Street registered a rebound of up to 7%, while the Buenos Aires stock exchange and dollar-denominated bonds also experienced a slight bounce.
Traders are closely following the government's negotiations with the IMF and, in the international context, Donald Trump's protectionist policy, which has led to increased tariffs for major trading partners. The S&P Merval rose by 1% to 2,503,483.42 points, while measured in dollars it climbed 0.9% to 2,086.82 units. Among the leading stocks that advanced the most are Banco Macro (+4.9%), BBVA (+4.4%), Grupo Supervielle (+3.2%), Grupo Financiero Galicia (+2.5%), and Loma Negra (+1.6%).
On Wall Street, ADRs increased by 7.1%, led by Banco Macro, followed by BBVA (+6.9%), Grupo Supervielle (+6.8%), Telecom Argentina (+5.2%), Edenor (+4.7%), and Grupo Financiero Galicia (+4.3%). Meanwhile, the International Monetary Fund praised Argentina’s economic policy, although it avoided providing details about the new agreement under negotiation.
"There have been good advances so far, we want to ensure that there is room for staff and authorities to continue these constructive discussions," mentioned Julie Kozack, the organization’s spokesperson, at a press conference in Washington. Analysts indicate that the market will be attentive to possible news regarding the negotiations between Argentina and the IMF, especially in the currency area, considering its impact on inflation.
Regarding fixed income, dollar-denominated bonds showed a slight rebound and the country risk stood at 659 points, according to the J.P. Morgan index. Since its low of January 9, which reached 560 points, the risk has increased by 18%. The bonds that increased the most were the Global 2046 (+1.1%), the Bonar 2030 (+0.6%), the Global 2029 (+0.5%), and the Global 2041 (+0.3%).
