Argentine equities rose despite widespread declines in international markets

On the outside, the prices of the actions fell pronounced this Monday at the beginning of transactions in the New York stock market, after the US president Donald Trump He threatened to impose more tariffs on Chinese products.

In this context, it was auspicious rise has shown many of the ADR Argentine companies traded on the North American financial center, extending the series of dollar gains that began last week.

Among the increases, there are TGS (+ 5.4%), IRSA (+ 3.5%), Cresud (+ 3.2%) and Telecom (+ 2.7%).

"With a lower business figure, the main actions managed to close in positive territory for the fourth consecutive session. The local square is still betting on the possibility of a governability deal between the ruling party and the opposition. Likewise, the local market has acted defensively, as Wall Street avatars, who have not seen the best of days today, have seen, because of the new tariffs that President Trump has imposed. to China. Hence the small amount exploited in private newspapers, which amounted only to 713 million, or 35% less than that observed in the wheel last Friday, "said Rava Bursat. .

In the case of S & P Merval, the improvement reached 1.80% to close at 33 001 points. The best visits of the main panel were for TXAR + 7.23%, TRAN + 6.64% and TECO2 + 5.31%.

With a local look, Jorge Fedio, Clave Bursátil's technical badyst, said that "with the last windstorm, there was a little panic in the city of Buenos Aires. From so many crises we have suffered, we have learned something. By experience, it's one more in this nasty series. From all this comes out as before politics realizesbefore the economy is frozen. La Bolsa anticipates this exit with falling prices and scattered like dry leaves on the ground. "

Unexpectedly, the President of the United States, Donald Trump, announced via Twitter that next Friday will increase the rate of duty to 25% for the 200 000 million USD of Chinese products entering the country of North America and will tax at the same rate some 325 000 USD remaining.

In this way, the American president seems unilaterally end the trade truce which began on November 30, 2018 in Buenos Aires, and puts in failure the health of the economy and markets.

"The measure is explained by its lack of knowledge in the matter and the courage that the robust data from the US economy. In other words, it is play with fire ", in case "the agreement would not be executed", they pointed out Personal Portfolio Investments.

"The investor response is unanimous. Without a commercial agreement, enthusiasm dissipates and doubts reappear about the progress of the economy. If tensions intensify and the game of the tariff game returns, it is likely that the market panorama will deteriorate considerably, "said Portfolio Personal experts.