Tomas Taterka
Tomas Taterka
along jogging quite
Things are jogging along quite well in Argentina.
basically depend improvement saw
We saw an improvement basically in telecommunications shares, which do not depend so much on energy.
less
This was more or less expected, more or less priced in.
cheap coming dollar foreign funds local looks saw
We saw some local buyers, but also foreign funds coming in. They have to because everything looks so cheap in dollar terms.
certainly cut market rate
We are certainly going to see a rate cut here. The market is very optimistic.
bit recover seems
We could recover a bit because it seems firmer abroad, There's nothing going on.
bad exactly lower primary surplus
The primary surplus wasn't exactly bad but it was lower than expected.
definite direction fall fed market
Yesterday's fall fed today's rise, but the market still has no definite direction.
following markets oil worries
We're following international markets and their worries about the oil price.
chance doubt likely movement next remain sideways trade volatility
Without a doubt the volatility will remain but there isn't much chance of too much movement up or down so it's likely to trade sideways next week.
recovered
We recovered on the back of the American recovery.
followed foreign incapable showing sustaining
As always, we followed foreign stocks, showing that we are incapable of sustaining a rise.
approval argentina budget focus leaves open
Argentina is the focus today. The approval of the budget leaves open the way for the IMF loan.
climbing less mode shows
It was profit-taking, that's all. There's no other reason. There's also a little less volume, which shows we're not in climbing mode any more.