BUENOS AIRES, Jul 30 (.) – Argentina’s sovereign bonds ended with limited declines on Thursday, watching for the trend in foreign markets after a historical contraction in US GDP in the second quarter, and a tweet from President Donald Trump that raised the possibility of delaying the presidential elections.

For its part, in the local context, investors await signs regarding the restructuring of some $ 65 billion, although a new extension for the closing of negotiations between the government and private creditors is not ruled out.

« The local market continues to move within a framework of high uncertainty, » said one brokerage.

Argentina is considering postponing until the middle or the end of August the deadline to reach an agreement on its foreign debt, a source close to the talks told . on Wednesday. The term currently expires on August 4.

« The most likely is a further postponement in the August 4 deadline to extend the negotiations, since it is beneficial for both parties to be able to finalize a successful agreement in the end, » said Gustavo Ber, an analyst at consultancy Estudio Ber.

He added that « the economic differences are already reduced, and in the divergences in the legal clauses there would be a will to polish them, for which the operators still discount that an agreement with the grouped external creditors could be closed, which would ensure high adherence and thus activate the CACs. « 

* Bonds in the local over-the-counter market fell 0.2% on average on selective profit taking, after losing 1.1% on Thursday’s wheel.

* « It is convenient for both parties (government and creditors) to reach a successful agreement, so all that remains would be to define the legal clauses, » the consulting firm VatNet said.

* Argentina’s country risk, measured by bank JP.Morgan 11EMJ, rose one unit 2,281 basis points at 17:00 local (2000 GMT).

* The S&P Merval stock index improved 1.06%, to a provisional closing of 49,405.75 units after trading down most of the session. The Dow Jones index was down 0.85% and the Bovespa fell 0.62%.

* The peso in the wholesale market depreciated 0.08% to a record low of 72.24 per dollar with central bank intervention to supply demand for foreign exchange, traders said.

* Market sources estimated that the negative balance for the monetary entity was about 25 million dollars.

* For its part, the peso in the marginal market remained balanced at 136 units, and the so-called ‘cash settlement’ depreciated slightly at 121.40 per dollar.

(Report by Walter Bianchi, Additional report by Hernán Nessi, Edited by Jorge Otaola)

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The analyst and sociologist explained what, in his opinion, are the true forces of the president, who also, he warned, is increasingly armored and consolidated

The analyst and sociologist explained what, in his opinion, are the true forces of the president, who also, he warned, is increasingly armored and consolidated

The analyst and sociologist explained what, in his opinion, are the true forces of the president, who also, he warned, is increasingly armored and consolidated

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