After a weekend marked by the closure of lists for the August STEP, the markets opened the day of this Monday in a more than positive way. Such is the case that Argentine dollar bonds advanced by more than 6%, mainly driven by AL30, AL30D and GD30.
In this context, we communicate with Liliana Francojournalist specializing in politics and economics, who spoke about the country’s political and economic situation.
The reaction of the markets to the closing of lists
“The markets are reacting positively to the closure of candidacies”Franco said, who later completed: “This is due to a reaction to the loss of the “Wado” formula by Pedro and Manzur.”
“The photo will be taken between Sergio Massa and Cristina Kirchner today at 6:00 p.m. So, The formula of the Government will be officially consecrated”, explained the interviewee. “The market is happy because all the main candidates, be it Javier Milei, those of Together for Change or Massa, are in favor of the market to a greater or lesser extent”.
elections in cordoba
Later, Franco said that Córdoba is a very particular province: “It is a quite Peronist province but at the same time very anti-Kirchnerist. It could be said that it is a very Macrista province, because of the figure of Macri, and not so much of Together for Change”.
“Luis Juez was mayor of Córdoba and it did not go well for him, it is very controversial and even so he made a good choice,” the interviewee shot. “We must not extrapolate the provincial ones to the national elections”added.
Negotiations with the IMF
“The Fund staff is risking their place with the agreement with the country and is in a complex situation because no goal was met”, explained the journalist. “There is going to be a new agreement but we have to get there until January,” she explained.
“The intention of the IMF is to give funds only to repay, turning a blind eye but that is not enough for the Government,” said Franco. “They are looking for extra fresh funds and that is what hinders the negotiations”complement.
