Today, in the Argentine financial market, a mixed outlook is observed. Some stocks show a slight increase, such as Irsa (+0.93%), YPF (+0.70%), and Banco Macro (+0.28%). Meanwhile, others suffer losses, led by Edenor (-3.56%), Cresud (-2.22%), and Banco BBVA (-2.20%).
In the fixed income segment, sovereign bonds in dollars show trading with marked volatility. The Merval, for its part, does not manage to maintain the rebound of the previous two sessions. After a rise of 6.1% on Tuesday and a slight 0.4% on Wednesday, it falls back 5.6% on Monday, impacted by the cryptogate scandal involving Milei.
In the international arena, ADRs mostly trade lower, led by Banco BBVA (-1.16%), Pampa Energía (-1.11%), and Tenaris (-0.59%), in an unfavorable global context. On the other hand, increases are observed in the Global 2029 (+0.6%) and Global 2030 (+0.3%).
The S&P Merval declines by 1.1% and Argentine stocks on Wall Street are mostly trading lower on this Thursday, February 20, prior to the meeting between President Javier Milei and the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. Volatility takes hold of the local and international market, awaiting news that may arise from the Argentine president's visit to the organization's headquarters in Washington as part of negotiations for a new economic program.
In the Buenos Aires stock exchange, after starting with a slight rise, a decline of around 1% is recorded, positioning at 2,379,785.30 basic points. In this context, the country risk stands at 722 basis points, with a trend that initially was negative and then experiences slight increases.
