Reports
| Date | Report | Type |
|---|---|---|
| 07/04/2020 | Argentina: Macroeconomic PerspectivesSocial isolation takes its toll on GDP: e-4% in 2020 |
Macro Economy Report |
| 06/04/2020 | Argentina Fixed Income MarketThe delay of domestic law bond payments was very negative piece of news regarding the restructuring. On the fiscal side, no further adjustments would be made, while according to the projections presented by the Economy Minister, primary balance would be reached in 2023, which we believe is not positive in view of the negotiation with creditors. |
Fixed Income Weekly |
| 01/04/2020 | Argentina: Macroeconomic PerspectivesInitial measures taken by the Government amid the global crisis |
Macro Economy Report |
| 01/04/2020 | Argentina Equity MarketDomestic stocks continue continued with an uncertain path, influenced by the developed markets’ volatility driven by the coronavirus outbreak and oil crisis. 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. The stock market could strongly correct again if the Government declares a default. |
Equity Weekly Report |
| 31/03/2020 | International Macroeconomic PerspectivesA record 3.28 million workers applied for unemployment benefits as disclosed last week resulting from the Covid19 virus outbreak, marking an abrupt end to an historic, decade long run of job growth. |
Macro Economy Report |
| 31/03/2020 | Fixed Income: Covid19 reduces probabilities of an agreement in 1HUncertainty surrounding the restructuring process will continue in the short term as the Treasury has postponed negotiations with bondholders to April, thus details regarding the proposal for the debt restructuring have yet not been disclosed. On the fiscal side, Minister Guzman disclosed that no further adjustments would be carried out and primary equilibrium would be reached in 2023, worsening the outlook for a potential proposal to bondholders. All of this previous to the Covid19 outburst. |
Fixed Income Weekly |
| 27/03/2020 | Holcim 4Q19Amidst political and economic uncertainty that hurt this industry's revenues and profits, the firm maintains a sound financial situation |
Equity Report |
| 26/03/2020 | Argentina: Macroeconomic PerspectivesCoronavirus outbreak further exposes the economy´s and fiscal solvency vulnerability |
Macro Economy Report |
| 26/03/2020 | Argentina Equity MarketDomestic stocks continued slumping, in line with the international trend, driven by the coronavirus outbreak and oil crisis. 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. The stock market could strongly correct again if the Government declares a default. |
Equity Weekly Report |
| 25/03/2020 | Argentina Fixed Income MarketUncertainty surrounding the restructuring process would continue in the short term as Economy minister Martin Guzman did not disclose any details regarding a proposal for the debt restructuring in his last week’s webcast. Furthermore, the offer has been postponed to April. On the fiscal side, Guzman said that no further adjustments would be carried out and primary equilibrium would be reached in 2023, worsening the outlook for a potential proposal to bondholders. |
Fixed Income Weekly |
| 25/03/2020 | International Macroeconomic PerspectivesUS: Government launches a USD 2 trillion stimulus package to mitigate the economic impact of coronavirus |
Macro Economy Report |
| 19/03/2020 | Pampa Energía 4Q19PAMPA: Tough domestic and international environment in the short term, but bad news are already priced. |
Equity Report |
| 17/03/2020 | International Macroeconomic PerspectivesThe Fed cut rates to zero in an emergency move to reduce the impact of the coronavirus pandemic on the economy |
Macro Economy Weekly |
| 17/03/2020 | Argentina Macroeconomic PerspectivesCountry risk rose above 3600bps amidst global coronavirus crisis, new economic measures to be disclosed today |
Macro Economy Weekly |
| 17/03/2020 | Argentina Equity MarketDomestic stocks continued slumping, in line with developed markets, driven by the coronavirus outbreak and oil crisis. Companies with a high percentage of dollar denominated revenue, lower operating exposure to domestic market and low debt level would act as a hedge in the current scenario. The stock market could strongly correct again if the Government declares a default. |
Equity Weekly Report |