The blue dollar opened unchanged
At the opening of the exchange round on Tuesday, the blue dollar operates unchanged from yesterday’s close. It lists $376 for sale and $372 for purchase.
There are no ups or downs in the official market either. At Banco Nación, the dollar is $191.25 for sale and $183.25 for purchase.
CAF carried out a US$1.5 billion bond issue, the largest in its history
The CAF-development bank of Latin America reported today that it raised US$1.5 billion in the first debt issuance of 2023 in the US market, the largest placement in its history, after approximately 90 investors registered in the book placed orders for an amount close to US$ 2,400 million.
As reported by the agency, investor interest in the bond maturing in January 2026 and a 4.75% coupon occurred after the improvement in Fitch Rating’s debt rating (it went from A+ to AA-), and It attracted among its stakeholders fund managers, central banks, institutional investors from Europe, the United States, the Middle East and Asia.
The placing banks were Bank of America, Citigroup, Deutsche Bank and Goldman Sachs.
“Everything lined up perfectly for this transaction: our recent credit rating upgrade from Fitch Ratings last week and the positive market tone we’ve seen at the start of the year. This strong result is evidence of our investors’ confidence and how they’ve seen CAF’s recent progress, including new members and a historic capital increase,” said Gabriel Felpeto, CAF’s Vice President of Finance.
The different prices of the dollar
This is how the exchange day closed on Monday, January 23:
Blue dollar: $376 for sale and $372 for purchase
Official dollar: $191.75 for sale and $183.75 for purchase
MEP dollar: $352.21
CCL Dollar: $363.19
YPF’s share stands out in the current stock market boom
By Federico Kucher
The Buenos Aires stock market returned to register a day of gains this Monday, with a rise of 1.1 percent in the average of the shares of the Merval index. The day began with strong increases both in the local market and among Argentine firms listed in New York. Among those registering an outstanding performance are companies such as YPF.
During the trading session, the oil company was above 12 dollars, and although it ended with an advance of 0.5 percent compared to Friday, with a price of 11.97 dollars, its price It is impressive when compared to the prices of the middle of last year.
At that moment YPF had reached lows of less than 3 dollars and the large investment banks assured that the price could continue to fall. They were based on a Bank of America report that at the beginning of the pandemic had ensured that the price target was 1 dollar.
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Stocks rise on Wall Street due to opportunity purchases awaiting the FED’s decision
Stocks in New York began the week with increases today due to strong price opportunity purchases, under the pretext that the Federal Reserve (FED) could soften the adjustments in its reference interest rate during the first meeting of the year, the next week, in an attempt to avoid a recessive cycle, in its fight against inflation.
The Dow Jones industrial average rose 0.8%, while the broader S&P 500 index added 1.2% and the Nasdaq technology indicator gained 2%, according to data provided by the New York Stock Exchange (NYSE).
Shares of Tesla and Apple rose on hopes that a reopening in China would boost their business although there are no signs this could happen any time soon, following temporary shutdowns and hits to production as the country grappled with the coronavirus. increase in cases of Covid-19.
Semiconductor shares led gains on the Nasdaq as investors have begun to consider the possibility that the Fed is preparing a slower pace of rate hikes to combat inflation after months of aggressive tightening.