The INDEC reported that inflation slowed down in January, standing at 2.2%. Following this news, stocks and bonds experienced negative results in the Buenos Aires stock exchange, with the S&P Merval dropping by 0.3%. Both S&P Merval stocks and dollar-denominated bonds erased initial gains.
Analysts point out that the market is paying attention to the new agreement with the International Monetary Fund (IMF), which has impacted asset performance. Despite starting the day with a 3% rise, the S&P Merval recorded a decline. Among the companies leading the losses are Telecom (-1.7%), Ternium (-1.5%), and Loma Negra (-1.1%).
In the fixed income sector, dollar-denominated bonds have experienced setbacks after two sessions of positive trends. Some of the most affected bonds are the Global 2046 (-0.7%), Bonar 2038 (-0.4%), and Bonar 2029 (-0.3%), which had shown increases of up to 1.7% in the previous session. Regarding country risk, measured by JP Morgan, it has remained practically stable at 675 basis points compared to the previous session.
