The S&P Merval has recorded a significant advance in 2024, driven by sectors such as banking and energy. Analysts highlighted the good relationship between the Government and the future Trump administration as a key factor in this positive financial dynamic.
Bonds closed a successful week on the New York Stock Exchange, with increases of up to 9%. Among the largest gains recorded on Friday were the Bonar 2041, followed by the Global 2046 and the Global 2041. In contrast, the Global 2029, 2030, and Bonar 2029 experienced declines.
The country risk, measured by J.P. Morgan, decreased by 3 points, reaching a new low since July 2019, which prompted Fitch Ratings to upgrade Argentina's debt rating. On the other hand, Argentine stocks on Wall Street mostly increased, highlighted by the 16.9% jump of Despegar due to its strong results.
Despegar, the leading travel technology company in Latin America, revealed its financial performance in the third quarter of 2024, showing continuous growth. The company emphasized its commitment to growth through strategic partnerships, innovative payment solutions, and strong demand in its key markets.
The optimistic perception of Argentina's assets strengthened following evidence of closeness between Donald Trump and Javier Milei, thus supporting rises in shares and bonds. Furthermore, public accounts recorded a surplus for the tenth consecutive month. The S&P Merval in dollars closed its best week to date, surpassing 1,800 points and setting a new nominal record. In pesos, the leading index experienced a slight decline of 1%.
