Markets: the Buenos Aires Stock Exchange scored its fifth consecutive rise, with a record close

Contributing to the positive trend was another winning wheel on Wall Street, where the main benchmarks rose in a range of 0.5 to 1.1 percent.

This spread to other stock exchanges and also to other markets such as cryptocurrencies, with Bitcoin being traded for over $61,000 dollars. The Bovespa index of the Sao Paulo Stock Exchange rose 1.3 percent.

The leading index S&P Merval of the Buenos Aires Stock Exchange gained 2.3%, to 81,990 units, in a nominal closing record, after improving 2.2% in the previous session and score an intraday record level of 83,923 points on Monday, September 13, after the defeat of the ruling party in the primaries in mid-September.

“The search for a clear boost factor continues and this keeps us waiting for the legislative elections” on November 14, said Ayelen Romero, an analyst at Rava Bursátil.

Romero added that “among the possible scenarios, and compared to the midterm elections of the previous month, the market could respond quickly again the week before or the days after; It will depend on how the political sector moves from day to day and how investors react accordingly”.

The Argentine government is seeking an agreement with the International Monetary Fund for some 45,000 million dollars, amid high inflation, which reached 3.5% in September, and high issuance monetary.

Unlike stocks, sovereign bonds experienced a price adjustment, with an average fall of 0.6% for Global bonds in dollars, which are a reference for Argentine fixed income in the outside.

In this sense, the country risk of JP Morgan, which measures the gap in the rates of US Treasury bonds with similar emerging issues, rose about five integers at 5:00 p.m. for the Argentina and reached 1,634 basis points, the highest figure since March 10 last.

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General increases for the stock markets

Global stocks posted weekly gains after Goldman Sachs capped a strong profit season for big banks, while a surprise rise in retail sales improved optimism about economic recovery.

Shares of Goldman Sachs gained 3.8% as a record wave of trading business activity fueled an increase in the bank's quarterly profits. Shares of other large lenders also improved, including JP Morgan , Morgan Stanley and Wells Fargo.

Strong results from large financial institutions draw attention away from concerns about rising commodity prices and supply chain disruptions, which had fueled market volatility earlier this month.

In addition, a report from the US Department of Commerce showed that retail sales rose unexpectedly in September, but there are fears that supply restrictions could disrupt the season Christmas shopping amid continued shortages of motor vehicles and other goods.

“Everyone knows that these supply chain issues will last a bit longer, but when you consider how strong the earnings have been, there are good reasons to be optimistic that there will be a steady boost in the economy,” he said. to Reuters Edward Moya, senior market analyst at OANDA.

Meanwhile, the White House announced it will lift travel restrictions for fully vaccinated foreign nationals effective November 8, at land borders and for air travel.

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