The Argentine financial market has experienced a positive day, with some prominent companies reporting significant gains. In particular, Telecom has increased by 2.6%, Grupo Supervielle by 2.3%, and YPF by 2.2%. On the other hand, sovereign bonds in dollars also show an upward trend.
In this context, the country risk has decreased by 1.9%, equivalent to 14 units, standing at 734 basis points. Investors' attention is focused on the upcoming debt auction scheduled for this Wednesday, where the Ministry of Finance will offer short-term instruments aimed at improving the maturity profile for the first semester.
Amid the anticipation for this new debt auction, the S&P Merval has recovered by 1%, while dollar bonds also show positive performance. Despite this, the country risk remains above 700 basis points.
As for local stocks, there has been an increase after several days in negative territory. Argentine papers on Wall Street (ADRs) mostly show gains, suggesting a favorable day for investors.
