ARGT News and Press, Global X MSCI Argentina From 04/30/22

Risk-off sentiment prevailed in Q1 2022 as geopolitical tensions flared and the Omicron variant became a stumbling block for many countries. The U.S.-based S&P 500 decreased by 4.6% in Q1 2022, outperforming both the MSCI Emerging Markets Index and MSCI All Country World Index. ...

Last March, a proposal of dollarizing Argentina's economy arrived at its Congress. We summarize here the potential consequences of such a route in case the bill succeeds in getting approval. The only result is that monetary policy ceases to be available as an option, leaving almost no...

Inflation expectations for the year will likely be well over the 38-48% range mooted as part of the IMF deal. There are factions within the ruling coalition that could make it hard for the government to press ahead with anti-inflationary measures. The valuation and technical lands...

In February 2022, TotalEnergies announced a light oil and gas discovery in the Venus-1X new-field wildcat offshore Namibia, in the Orange sub-basin. The Venus discovery opens up great possibilities for the offshore Uruguay and Argentina basins, as similar rocks might exist in those co...

YPF multiples -Argentina largest company- make the stock look dirty cheap: 0.44x 2021 EBITDA and 2.9x fwd 2022 P/E despite higher costs. YPF shows seven consecutive quarters of solid FCF, improved capital structure and encouraging production guidance which do not match with YPF stock ...

Argentina will get about $9.8B of funding from the International Monetary Fund once a larger $45B agreement is approved by the country's government and the IMF executive board, the IMF said. "IMF staff and the Argentine authorities have reached a staff-level agreement on the economic and fina...

The main disruption for Latin American traders comes from increased shipping costs and long delays to products arriving at their destinations. Latin American exporters of fruit, meat, and other perishables were not critically affected by delays until mid-2021, with perishable goods sh...

The global central bank community has been wrong on inflation. Euro zone inflation rose to a new record high last month, defying expectations for a big drop and piling pressure on the European Central Bank to finally admit that price growth is not as temporary and benign as it has lon...

International equities delivered mixed results in Q3 as the Delta variant strained the global recovery. The US-based S&P 500 outperformed the MSCI ACWI, with gains of 0.58% for the S&P against a -1.05% decline for the ACWI. Emerging markets lagged further, with the MSCI Em...

We view the U.S. Treasury yield spike as resolving a disconnect between the powerful restart and lower yields in recent months, and stay tactically pro-risk. U.S. 10-year yields jumped to the highest level in three months. Markets are prone to volatility, but ultimately we see yields ...