Financial markets reacted strongly to the geopolitical shift promoted by the President of the United States, Donald Trump, in the Middle East. The decision to advance a five-day ceasefire with Iran generated an immediate change in the global climate and directly benefited Argentine assets
.
In this context, sovereign bonds in dollars registered increases of more than 1%, while Argentine stocks listed on Wall Street increased by up to 10%. At the same time, country risk fell sharply to 600 basis points, marking a decrease of 5.2% compared to the previous day
. Donald Trump on Wall Street.
The relief is explained by the reduction of tensions in one of the world's main critical areas, the Strait of Hormuz, which directly impacted the price of energy. Oil, which had been a central factor of uncertainty, registered a strong correction: Brent fell to the $95 per barrel zone, while WTI fell to
$88.
Among local assets, the increases were led by the financial and real estate sector. Supervielle shares led earnings with a jump of close to 10%, followed by Loma Negra (7.2%), IRSA (6.8%) and BBVA (6.3%). The roles of Galicia also stood out, with an increase of 5.8%
.
In contrast, the only declines were recorded in the energy sector, with declines in YPF and Pampa Energía, directly affected by the fall in the price of crude oil.
Locally, the S&P Merval index rose 2.3% measured in dollars, in line with global optimism. It should be noted that, due to the holiday of March 24, there was no operation in the official exchange market or intervention by the Central Bank, so the dynamics of the day were completely explained by external factors.
The ceasefire was interpreted positively by the markets.
Internationally, Wall Street traded with generalized increases in its main indices, while European stock markets also registered gains after several days of volatility.
The movement confirms the strong sensitivity of Argentine assets to the international context: with lower global tension and a fall in oil, risk appetite improves and the rebound of stocks and the market in general is consolidating.
