Today's session has been marked by significant declines in global markets. In the fixed income segment, sovereign bonds in dollars have experienced drops of up to 1.9%, led by the Global 2046. Among the stocks that have fallen the most are Pampa Energía, Transener, Edenor, Banco BBVA, and Transportadora Gas del Sur.
In the Merval, a decline of around 1% has been recorded so far this month, in both pesos and dollars. Investors are awaiting news regarding the agreement between Argentina and the International Monetary Fund following Javier Milei's trip to the United States. In the international market, ADRs have also traded lower, with Edenor, Banco BBVA, Pampa Energía, and Loma Negra among the most affected.
The unfavorable global environment has impacted market operations at both local and international levels, with concerns about trade policies and fears of a recession in the United States. The S&P Merval has fallen by 3.2%, while Argentine stocks on Wall Street are operating in negative territory. Bonds have also declined, and the country risk has exceeded 700 basis points.
In the Buenos Aires stock exchange, a decline of over 3% has been recorded, with Ternium and Cresud as the only stocks showing a favorable trend. Internationally, there remains fear of an escalation in the trade war due to tariffs imposed by the United States and the responses from its trading partners. The country risk stands at 706 basis points, while Donald Trump's statements about a possible economic recession in the United States and rising inflation also raise concerns.
