The bag rises 5% and bonds earn 4% with impulse of negotiation with the IMF - Politics and Economics the bag rises 5% and bonds earn 4% with impulse of negotiation with the IMF

Argentine actions and bonds record a forceful price improvement in the first December session, before the novelty of a meeting between government envoys and the IMF staff next weekend. El panel S&P Merval de la Bolsa de Comercio de Buenos Aires gana un 5,4%, a 83.600 points, after having receded 5% in the month of November.

The leading panel of the Buenos Aires Stock Exchange retains an 63% peso gain in 2021.

Although a country risk is maintained for now at 1.900 basic points, global bonds earn 4% on average this Wednesday, after having resigned 8.5% last month.In 2021 the losses reach 18% for these public titles, which are the reference of the Argentine debt abroad.

The market positively receives an expected news: an Argentine delegation will leave this Saturday towards Washington to continue technical meetings with the staff of the International Monetary Fund (IMF) in the race against clock to try to avoid a default at the end of the first quarter of 2020and refinance payments that are around USD 19.000 million throughout the next year.

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In addition, "world markets advance in the middle of the week, reversing much of yesterday losses, since investors use prices to bet that the last Covid-19 variant would not derail economic recovery," said aLedesma Allaria Report.

The global markets reacted to the statements of the president of the Federal Reserve of the United States, Jerome Powell, who acknowledged that the word "transient" is no longer the most exact term to describe the nature of the high inflation rate in the economy, thehigher in more than three decades."It is probably a good time to withdraw that word," Powell said, in response to a question about the persistent use of the reference to explain for how long the accelerated inflation is expected to persist, in a testimony before the Senate Banking Commission.

En el mercado local, las acciones líderes de la Bolsa de Comercio de Buenos Aires trepaban 4,77%, con el indicador S&P MerVal a 83.099.44 points.The main increases were recorded in the roles of Banco Supervielle (6%);Grupo Galicia (6.94%);YPF (7.34%);Transener (5.24%) and Loma Negra (3.23%).

The rebound of local assets has as a framework the improvements in stock market rates globally, especially in the United States.Thus, the bags recovered from the sharp fall on Tuesday, when they backed up more than 2% average in the face of the fears generated by the new crown variant, omicron, and its impact on the world economy.