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Merval rose 0.7% after the Fed's statement



Speaking at New York's Economic Club, Powell said the rates "are still at historical mines" and remain "just below" the scale that would be neutral to the economy, that is, it does not accelerate or accelerate growth. "

Following these comments, he is the Argentinian leader of the Argentine Stock Exchange and Merval SecuritiesThis reflected and ended by 0.7% to 31,138.7 units.

The YPF shares (3%), Transportadora de Gas del Sur (2.8%) and Grupo Financiero Banco Galicia and BYMA (2.7%). While the most significant losses were recorded by Banco Macro (-2.5%)., Central Puerto (-2%) and Valores S.A. (1.4%).

Economist Gustavo Ber pointed out that Powell's "tiny" tone, pointing out that rates are now closer to neutrality, was celebrating Wall Street with a "relief rally" because the Fed could not raise the rate many times more after it reached 2.50 in December % per year. "

It should be remembered that local financial markets will remain inactive this Friday for the G-20 summit, to be held in Buenos Aires.

Meanwhile, in the fixed income segment, major dollar bonds (quoted in pesos) were on the positive territory. Bonar 2024 remained almost stable, Bonar 2020 amounted to 0.55%, and the Argentinean discount fell by 0.3%.

Country risk

After drilling on the eve, the height is 700 units country risk The Argentines took a break on Wednesday dropped by 1.5%, from peak in early September.

The index measured by JP Morgan was 703 points, after reaching 714 units on Tuesday.


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