Antoni 23
New member
Citigroup's number one, who will meet with Caputo and Bausili, arrives in Argentina today. The markets received positively the announcements related to the improvement of the public accounts, although Wall Street's records also help...
The improvement in Argentine assets consolidated this week, recovering losses after the withdrawal of the Omnibus bill in Congress. Both Javier Milei and the economic team kept investors' expectations high. Argentine stocks rose more than 20% on Wall Street, bonds improved since Martin Guzman's 2020 debt restructuring and financial dollars fell. Citigroup CEO Jane Fraser is optimistic about Argentina and other entities such as Goldman Sachs and Barclays are also showing interest. Although there is political uncertainty, markets are celebrating the favorable fiscal numbers announced by the Government, such as the primary fiscal surplus in January. Milei's "ultra-orthodox plan" has shown quick results, but with controversy due to the reduction of spending on pensions and social plans. The fall in financial dollars is attributed to the plan to reduce the monetary base. Despite the recession, investors are relying on the reduction of the fiscal deficit to combat inflation. A V-shaped economic recovery is expected starting in March or April, driven by the heavy harvest and the elimination of the exchange rate hedge. The improvement in Argentine assets coincides with a favorable climate in international markets, which increases appetite for risky investments and contributes to the strength of the local market.
The improvement in Argentine assets consolidated this week, recovering losses after the withdrawal of the Omnibus bill in Congress. Both Javier Milei and the economic team kept investors' expectations high. Argentine stocks rose more than 20% on Wall Street, bonds improved since Martin Guzman's 2020 debt restructuring and financial dollars fell. Citigroup CEO Jane Fraser is optimistic about Argentina and other entities such as Goldman Sachs and Barclays are also showing interest. Although there is political uncertainty, markets are celebrating the favorable fiscal numbers announced by the Government, such as the primary fiscal surplus in January. Milei's "ultra-orthodox plan" has shown quick results, but with controversy due to the reduction of spending on pensions and social plans. The fall in financial dollars is attributed to the plan to reduce the monetary base. Despite the recession, investors are relying on the reduction of the fiscal deficit to combat inflation. A V-shaped economic recovery is expected starting in March or April, driven by the heavy harvest and the elimination of the exchange rate hedge. The improvement in Argentine assets coincides with a favorable climate in international markets, which increases appetite for risky investments and contributes to the strength of the local market.
