From "As Chaves da Semana" we try to bring in a few lines the data to take into account in the week that begins and specifically the main variables that affect the investor.
What the market is watching and waiting for next 5 days.
1 dollar
- BLUE $376 +1,90% weekly
- MEP $348.04 +1.66% weekly
- CCL $355.00 + 2.96% weekly
Difference with the official dollar
- BLUE 98%
- MEP 83%
- CCL 87%
Alternative rise of the dollar continues in 2023, last week despite the announcement of financial repurchases, it is likely that the BCRA intervene in the dollar, prices have returned to mark maximums again.
This week we look at whether the firepower and confidence of the BCRA will hold their value or if the market will continue to make new highs.
2 – Fees
- Traditional flat rate of 6,25% MET.
- Direct UVA: 5.1% for the current month, 5.5% and 5.6% estimated for the following months according to REM
- US rate 10 years 3.48 -2 bp
With no news on investor rates, the BCRA raised its repo rate by 2 points percentage. But this is not transmitted to the healer.
At this time, traditional preferred down payment rates are preferred over up-front installments. But to take into account the inflation data that second consultant consultants, speed up to speed up.
3- Actions
- Merval 247,679.99 +2,287% weekly
- Merval in u$s 686.13 -1,04% weekly
- S&P 500 3,972.61 -0.66% weekly
Local Marketplace: It continues to make new highs week after week, but what happened is we had a sharp decline in the quarter where they fell almost a 10%.
recovery from mid 2022 it almost reaches the 200% and the market shows signs of exhaustion, its volatility means that corrections can be violent, so you must be very attentive to its movements, taking profits can be a prudent measure.
Two United States marketss: After several weeks of market recovery, this market closed again in the red.
Although inflationary pressures seem to have subsided, there is now concern about the possibility of a recession in the Americas, although the employment data does not reflect this.
4- Bonuses
- Country risk 1,876 -104 bp
Dollar Bonds: The news and significance of the week was the government's announcement of a debt buyback. That would be around $ 1,000 million, and while the initial response was positive, it quickly faded.
This additional demand, no doubt significant, should fuel the recovery if the recovery we have achieved in emerging market debt in recent months continues, and dampen it if there is any profit taking.
Weight titles: It was a neutral week for the weight titles, since they abandoned the momentum they were looking for.
Market volatility hits and bonds in pesos are affected. In the first tender this year, the government can improve wages and provide additional financing.
But he failed to extend the deadline beyond the electoral dispute.
5- Fixed terms in pesos
Private time deposits exceed $ 8 billion the January 18, a 12,94% more in the last 30 days. Traditional fixed terms rose by 13,38%, while grapes fell by 6,44%.
Traditional fixed-term interest rates were unchanged last month due to declines in other markets, and savers are taking advantage.