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To find out more about the most important records at the close of trading in bonds, stocks and quotes, Canal E contacted Mauro Nataluccifrom Rava Bursátil, who highlighted the economic uncertainty Basic Law as the main driving force.
“Our market is very pessimistic.stocks and bonds, That’s some of what’s happening in Argentina, both motivation and frustration.above all because our eyes are fixed on the question of trust and mistrust in the Basic Law,” commented Mauro Natalucci.The Basic Law will become an important driving force“Argentina is becoming distrustful again,” he added.
Investor confidence in such a complex context
Then Natalucci said:Argentina’s terrain is always unstable But the point is to give investors peace of mind, and investors who hold peso positions have very low interest rates, Most importantly, we must warn you that this is normal in this situation”.
The merval in US dollars lost 2 pips
“Merval ended up losing 1.90 pesos. Ultimately, dollar losses were smaller because exchange rate movements were modest”, the respondent later added: “In an unstable situation, the exchange rate will move faster and your final loss will be less than on a certain day, MEPs ended up being almost neutral, while Merval ended up losing more than 2 percentage points in US dollar terms.”.
Likewise, market analysts noted: “In the volatile environment we live in today, Merval’s 2% drop doesn’t look that badAt the same time, he pointed out,If we take the beginning of June as an example, Merval lost 9 points in the last few rounds.which means it’s still negative for the month, so, this is a little bounce that we’ve had in the last few days, but it’s about expectations that come and go.”
“Market reaction was generally lowerbonds were also affected and prices fell,” Natalucci said. “The AL30, the parity of the AL30 in dollar terms, fell by almost 2% in instant cash trading and the GD30 also fell by 1.90 or around 2%, that is, they lost 2 points in dollar terms,” he concluded.
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