Argentine stocks in New York trade mixed returns on Wall Street

While the local financial market remains closed for the National Day holiday, the shares of Argentine companies listed on Wall Street (ADR) They trade mixed returns on the New York Stock Exchange.

In positive terrain they operate Free market (2.04%), Vista Oil (0.91%), Edenor (4.29%), Grupo Financiero Galicia (0.37%), IRSA (0.01%) and Loma Negra (0.15%) .

While they are in red, YPF (-0,43%), Globant (-1.21%), Despegar (-2.38%), Telecom Argentina (-1.21%), Tenaris (-0.75%), Pampa Energía (-1.10%), Central Puerto (- 0.51%), Macro desk (-0.73%), Banco BBVA Argentina (-1.80%), TGS (-1.32%), Grupo Supervielle (-0.05%), Corporación América (-0.53%) and Cresud ( -1.62%).

Yesterday, Wall Street started the week in a positive tone, waiting for new economic data, but the ADRs were not able to be coupled during the local holiday, since the operators are still attentive to the Paris Club, the debt tenders and the sanitary confinement, as explained by the economist Gustavo Ber.

For today, New York was heading to test new record highs, backed by new assurances from the Federal Reserve authorities (Fed, the central bank of the United States) that the monetary stimulus will remain in force during the pandemic, according to Reuters.

“Until now, the main ADRs of banks and energy companies renew their weakness, this time without being able to accompany the rise in the appetite for global risk that is being taken advantage of by emerging countries as a result of local uncertainty,” said Ber.

“Instead, the bonds are holding better and show modest average increases of 0.3% in their prices in dollars among the main references, still with an expectant tone after the last technical rebound ”, he added.

Meanwhile, he indicated that “local political noises, amidst the economic and health challenges, accentuate the climate of uncertainty among economic agents, which also anticipate that they could intensify with the running of the electoral calendar. Also The progress of the new stage of confinement arouses concern, since it could require greater assistance that would lead to greater monetary financing, since the rollover of the debt in pesos already faces a challenging schedule ahead ”.

THE NATION

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