The Argentine markets resumed activity this Wednesday after the Carnival holidays, at a time when political tensions over the treatment in Congress of a labor reform focus the attention of investors.
%20%20%20%20New%20York%20%20%20indices%20recover%20to%20las%2012:40%20hours%20up to 1.1%,%20led%20by%20the%20panel%20tecnol%C3%B3gico%20Nasdaq.%20The%20ADR%20and%20shares%20of%20compa%C3%B1%C3%ADasargentinas%20improve%20to%203.6%%20with%20Central%20Puerto%20in front.
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It is worth noting that the Buenos Aires stock market did not operate on Tuesday, but WallStreet did.Given the generalized declines for Argentine stocks abroad in the previous round, this Wednesday the S
It is expected that a legislative commission meeting will take place during the day, where the official Labor Modernization project seeks to obtain opinions to be able to be debated in the Chamber of Deputies, after the recent approval of the Senate.If a ruling is obtained, it could be discussed on Thursday.
The main unions in the country announced a general strike for the day that Deputies discuss the document promoted by the Government of libertarian Javier Milei.
“One of the articles that generated debate this week was Article 44, introduced by the Senate, which reduced the salary compensation received by workers during illnesses or accidents not linked to work. Allies of the Government pressured to eliminate this article completely, a change that the Government would have accepted to ensure a quorum. As a result, if the project is approved with modifications, it must return to the Senate for ratification of the changes,” Max Capital pointed out.
“After the growing bets on emerging markets by important international funds, based on a vision of global weakening of the dollar and a rebound in commodities, those vehicles with the highest beta in said asset class – such as the main ADRs and to a lesser extent dollar bonds – are hostages to external fluctuations,” said economist Gustavo Ber, head of Estudio Ber.
This Wednesday, the Treasury will carry out an exchange of debt maturing at the end of February for about $2,395 million for another dollar-linked bond due in April.
“In a scenario of greater external volatility and local sensitivity, Argentine assets reflect a market that continues to operate with caution. Argentina’s country risk around 500 points is consistent with an improvement scenario, but it still does not reach investment grade and with open external restrictions,” commented Alexander Londoño, analyst at ActivTrades.
Londoño noted that “there is room for it to go down, but the main thing is for reserves to increase; without that, it is more likely that it will remain sideways around the threshold of 500 points, with episodes of volatility.”
“The narrative around Artificial Intelligence (AI) went from optimism focused on winners (2022-2024) to a search for balance (2025), and now to fear of disruption, with investors questioning whether AI will erode margins or entire businesses in multiple industries. Probably along the way the shares of some companies will be ‘unfairly’ punished, but today general anxiety dominates,” said Delphos Investment.
