The leading S&P Merval Argentine Stock Exchange and Market Index (BYMA) rose 2.7% to 26,003 units, after concluding the previous session with a 3.5% rise, to accumulate a 6.6% gain so far in April (which contrasts with a 30.3% decline in March). In the fixed income segment, the leading sovereign bonds in dollars rose to over 6%. Argentina's country risk, as measured by JP. Morgan fell 115 units to 3,828 basis points, compared to a level of 4,519 points more than a week ago.
Day: April 3, 2020
International Reserves Up $43 Million
The tourist dollar - with a 30% surcharge for the Country Tax - fell 13 cents this Thursday to 86.46 pesos. In the Single and Free Market (MULC), the currency rose 19 cents to 64.72 pesos. The liquidation counted dollar (CCL) - obtained from the purchase and sale of shares or bonds - rose 89 cents to 88.81 pesos, widening the gap to 37.2%. The BCRA's International Reserves rose this Thursday $43 million to $43.632 million.
The price of oil shot up to almost 25%
After suffering a 55% loss in March, this Thursday the price of the US WTI barrel rose 24.7% to $25.32, while London Brent climbed 21% to $29.94; after Donald Trump announced a possible agreement between Saudi Arabia and Russia, which would end the price war.
It is estimated that the volume of crops in Argentina will be between 12% and 15% low
According to the latest report from the Buenos Aires Grain Exchange, the soybean harvest could be under 130 million tons. Between 12% and 15% less than last year. The entity's data includes falls of 50 million tons of corn, 3.4 million tons of sunflower and 2.5 million tons of sorghum.
March tax collection fell 8% in real terms
Argentina's tax collection in March reached 443,636.7 million pesos ($6.8 billion), representing an overall real decline of 8%, taking monthly inflation of 2.4%, which is up to 17% lower than the Consumer Price Index (CPI) of the last 12 months. Under the same percentage, the contraction in VAT was 13.7%.
