Day: March 11, 2020

S&P Merval rose 8.1%, but country risk touched a new 15-year high

After plummeting 13.8% on “Black Monday”, the Buenos Aires stock market rose 8.1% on Tuesday, driven by recoveries in the oil sector, in line with the external trend in anticipation of stimuli to mitigate the impact of the coronavirus epidemic on the global economy. However, the dollar bonds accentuated their downward trend, and the risk surpassed the 2,800 points barrier.

2.5% Inflation Forecast for February

The BCRA published the Relevamiento de Expectativas de Mercado (REM), which determined 2.5% inflation for February and for all of 2020 it forecasts 40%. The products that increased the most in February were Sugar (22.7%), Sliced Bread (12.6%) and Leudants (10.4%).