Reports

Date Report Type
23/12/2019

International Macroeconomic Perspectives

US: Rising income and optimism boost consumer spending.

Macro Economy Weekly
23/12/2019

Argentina Macroeconomic Perspectives

ARGENTINA: Country risk fell over 200bps as investors positively assessed the economic emergency bill recently approved by Congress

Macro Economy Weekly
23/12/2019

Argentina Equity Market

•The Merval Index hiked 5,07% during the last 7 days, in line with international markets. •Companies in the Agribusiness sector were the best weekly performers. •Materials was the worst performing sector.

Equity Report
23/12/2019

Argentina Fixed Income Market

The dollar denominated Bills maturities extension, while it was partially discounted in prices, reinforced the negative outlook for Argentine bonds. However, the Economic Emergency Law passed by Congress last week leads to primary surplus, having greater debt repayment capacity. Despite significant price hikes in recent weeks, domestic bonds are still pricing very pessimistic scenarios.

Fixed Income Weekly
18/12/2019

International Macroeconomic Perspectives

US: Preliminary trade deal with China boosts confidence.

Macro Economy Weekly
18/12/2019

Argentina Macroeconomic Perspectives

Argentina: First economic policy announcements further limit access to US dollars causing a surge in the free FX rate

Macro Economy Weekly
17/12/2019

Argentina Equity Market

Pessimism dominates the domestic market due to the new administration’s first economic actions. 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
16/12/2019

Argentina Fixed Income Market

Domestic bonds are currently pricing very pessimistic scenarios, as the Treasury does not have the necessary liquidity to meet future payments. Last week, country risk premium fell 80 bps, influenced by Guzman’s theoretical restructuring proposal. 

Fixed Income Weekly
11/12/2019

Grupo Financiero Valores 3Q19

Beats Q3 expectations but macro backdrop shades future performance

Equity Report
10/12/2019

Argentina Equity Market

Uncertainty is still reflected in the domestic market, pricing significantly weak economic conditions. 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
10/12/2019

International Macroeconomic Perspectives

US: Strong employment report supports Fed´s rate hold BRAZIL: Increasing signs the economy is recovering

Macro Economy Weekly
10/12/2019

Argentina Macroeconomic Perspectives

Country risk falls awaiting Wednesday´s press conference by recently designated Finance Minister Guzman

Macro Economy Weekly
10/12/2019

Argentina Fixed Income Market

Martin Guzmán, new Treasury Minister: Which would the restructuring baseline scenario be for the negotiation process?

Fixed Income Weekly
03/12/2019

International Macroeconomic Perspectives

US: Third quarter growth was upwardly revised as consumption remains the main growth driver.

Macro Economy Weekly
03/12/2019

Argentina Macroeconomic Perspectives

Argentina: Activity fell 1.6% mom in September, its most pronounced drop this year

Macro Economy Weekly