On Wednesday, Argentina’s country risk index experienced a significant decline, decreasing by over 50 points, coinciding with a global economic recovery spurred by the recent truce between the United States and Iran. The indicator currently registers at 551 basis points, a decrease from 610 points observed on Tuesday. Sovereign U.S. dollar bonds are experiencing notable gains, with the Global 2041 increasing by 3.5%, followed closely by the Global 2035 at 3.4% and the Global 2046 at 3.3%. The momentum is similarly evident in international markets, with Wall Street posting increases of up to 2.8%.
Major European stock exchanges are experiencing substantial increases, with the Euro Stoxx 50 rising by 5% and the CAC 40 advancing by 4.6%. U.S. President Donald Trump cautioned that he might implement significant tariffs on nations that provide arms to Iran, in the wake of the two-week ceasefire agreement. “Any country that provides weapons to Iran will immediately be subject to a 50% tariff on all goods it exports to the United States.” He asserted on social media “There will be no exceptions.” Argentine equities listed on Wall Street via American Depositary Receipts experienced notable increases, with Banco Macro at the forefront, achieving a 7.6% uptick.
Grupo Supervielle increased by 7.5%, followed by BBVA Argentina with a rise of 7.3%, and Grupo Financiero Galicia, which saw a gain of 5%. Several energy companies experienced declines, with Transportadora de Gas del Sur down by 5.3%, YPF decreasing by 4.9%, and Pampa Energía falling by 3.3%. The local index exhibited a positive trend, advancing 0.7%, with Banco Macro increasing by 5%, Edenor by 3.6%, Comercial del Plata by 3.5%, and BBVA by 3% as the leading stocks. Meanwhile, YPF is down 5%, Transportadora de Gas del Sur has decreased by 2.6%, and Telecom has fallen by 2.1%.