ADR closed on Wall Street before the start of the G20

This is happening as investors wait for the Federal Reserve Chairman's speech to get signals on the next rate hikes.

Among the Argentine ADRs, the largest are Ternium (-4.6%), Banco Macro (-4.1%) and Telecom (-1.6%).. At the same time, the Supervielle and Tenaris Bank shares show the largest increase with an advance of 0.9%.

We expect a truce in the trade dispute between Washington and Beijing during the G20.

For its part, Wall Street hosted Wednesday with expressive comments from the president of the US Federal Reserve, Jerome Powell, which signaled a possible slowdown in rising interest rates.

The Dow Jones Industrial Average posted its best day since March at 2.5% and 25.666.43 points.

The Nasdaq, technology stocks, rose 2.95% to 7,291.59 points and the S & P 500 rose 2.30% to finish at 2,743.78 units.

Investors have interpreted the Fed as close to closing its monetary tightening cycle after Powell told New York that rates were close to a level considered neutral; that is, it does not stimulate or slow down growth.

In the debt market, the 10-year Treasury bond yield stabilized at 3.056% vs. 3.057% on Tuesday and the 30-year bond yield rose from 3.319% to 3.345%

Europe

The European stock markets closed with highs and lows, no clear cap.

London yielded 0.18%, at 7,004.52 points. Frankfurt finished stable after losing just 0.09% to 11,298.88 points. Paris does not move either and ends at 4,983.24 points. Milan lost 0.18% and finished at 19,115 points. Madrid fell by 0.19% and was 9,102.70 points.

Tokyo

The Tokyo Stock Exchange closed higher on Wednesday after Wall Street gains and the yen devaluation, export-friendly.

The Nikkei 225 of the main stocks added 1.02%, up 22 177.02 points. For its part, the Topix of all stocks gained 0.58 points, at 1,653.66.