Reports

Date Report Type
21/01/2020

International Macroeconomic Perspectives

Markets were boosted by signing of phase one trade deal with China and figures which point to strong consumer spending

Macro Economy Weekly
21/01/2020

Argentina Macroeconomic Perspectives

Economy Minister Guzmán announced a debt restructuring bill will be sent to Congress in order to restore external public debt sustainability

Macro Economy Weekly
20/01/2020

Argentina Fixed Income Market

Performance: In terms of pesos, Argy bonds closed -0.47% on average last week, according to the IAMC Bond index. Global rates: The UST 10-year yield closed at 1.83% today. Beginning of restructuring processes in provincial bonds Treasury Bills exchange

Fixed Income Weekly
14/01/2020

International Macroeconomic Perspectives

US: The imminent signing of a first phase trade deal boosted markets and investor confidence.

Macro Economy Weekly
14/01/2020

Argentina Macroeconomic Perspectives

ARGENTINA: The Central Bank took additional measures to boost credit and finance Treasury

Macro Economy Weekly
14/01/2020

Argentina Equity Market

Domestic stocks started 2020 with significant price corrections, due to the closing of technical positions in the last days of 2019. Companies with a high percentage of dollar denominated revenues, lower operating exposure to domestic market and low debt levels would act as a hedge in the current scenario.

Equity Weekly Report
13/01/2020

Argentina Fixed Income Market

The Economic Emergency Law recently passed by Congress leads to primary surplus, and therefore greater debt repayment capacity. Despite significant price hikes in recent weeks, domestic bonds are still pricing very pessimistic scenarios. Uncertainty surrounding the restructuring process would continue in the short term. On the fiscal side, expectations are based in the implementation of a comprehensive plan that makes restructuring sustainable in the long term and not just a short-term relief due to their CACs.

Fixed Income Weekly
07/01/2020

Argentina Equity Market

Domestic stocks started 2020 with significant price corrections, due to the closing of technical positions in the last days of 2019. Companies with a high percentage of dollar denominated revenues, lower operating exposure to domestic market and low debt levels would act as a hedge in the current scenario.

Equity Weekly Report
07/01/2020

International: Perspectivas Macroeconómicas

US: The economy heads to grow at an annualized rate of 2% this year while the Fed pauses rate cuts.

Macro Economy Weekly
07/01/2020

Argentina Macroeconomic Perspectives

The Central Bank published its 2020 goals and policies, with an expansionary bias but prudent money supply management

Macro Economy Weekly
06/01/2020

Argentina Fixed Income Market

The Economic Emergency Law passed by Congress last week leads to primary surplus, and therefore greater debt repayment capacity. Despite significant price hikes in recent weeks, domestic bonds are still pricing very pessimistic scenarios. Uncertainty surrounding the restructuring process would continue in the short term. On the fiscal side, expectations are based in the implementation of a comprehensive plan that makes restructuring sustainable in the long term and not just a short-term relief due to their CACs.

Fixed Income Weekly
30/12/2019

International Macroeconomic Perspectives

US: Stocks overperformed despite growth decelerated back to its post-crisis 2% annualized growth rate.

Macro Economy Weekly
30/12/2019

Argentina Macroeconomic Perspectives

ARGENTINA: In a wink towards investors, the government will pay USD 850 million on debt this week, following regulation of the Social Solidarity and Output Recovery Law, which came with relevant changes

Macro Economy Weekly
30/12/2019

Argentina Fixed Income Market

The Economic Emergency Law passed by Congress last week leads to primary surplus, and therefore leading to greater debt repayment capacity. Despite significant price hikes in recent weeks, domestic bonds are still pricing very pessimistic scenarios. Uncertainty surrounding the restructuring process would continue in the short term. On the fiscal side, expectations are based on the implementation of a comprehensive plan that makes restructuring sustainable in the long term and not just a relief in the short term due to their CACs.

Fixed Income Weekly
30/12/2019

Argentina Equity Market

The economic emergency law, with tax increases and de-indexation of pension spending, was seen as positive by the market as it would generate greater debt repayment capacity, however the significant rise in sovereign bonds prices has not yet been fully reflected in domestic stocks. Companies with a high percentage of dollar denominated revenues, lower operating exposure to domestic market and low debt levels would act as a hedge in the current scenario.

Equity Weekly Report