Electoral blow: stocks rose and the blue dollar and country risk fell

After the electoral result of the PASO in Argentina, the markets reacted in their own way. Today stocks and bonds rose and country risk fell 6%. As happens every time there are elections, yesterday’s unexpected result caused movements in the markets. The opposition’s bump at the polls excited the stock market, which sees a future with a change of government.

On Wall Street, Argentine stocks rose significantly. Grupo Financiero Galicia gained up to 15%, the ADRs were mostly in dollars. The same happened with the dollar bonds, which gained up to 2.75% before the official start of operations. On the other hand, the airs of a replacement had a positive impact on the country risk, which fell 6%.

Green ticket

The blue dollar falls $ 5. It is a different scenario after having overheated in the days before the elections. Today the parallel exchange rate yielded to pre-electoral pressures and fell back. At the beginning of the week, the currency that is traded in the informal market sells for $ 183.

By noon, financial dollars were trending down. The MEP dollar (or “Stock”) falls 3.3% and is sold at $ 178.77.

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