Volatile markets for the Fed and the crisis in Ukraine

Pandemia continues to be an obstacle to the economy, to the point such that yesterday the International Monetary Fund (IMF) cited the omicron variant as the reason why it reduced its prognosis of world economic growth.

And the conflict between Russia and the West by Ukraine threatens to increase them energy prices.

Banks and energy actions were the sectors that benefited the most with the current context.The 10 -year Treasury Bonus yield rose to 1.78%.Bank of America and Citigroup won 2% each, and Western Petroleum and Apa Corp rose more than 8%.

On the other hand, technological actions led losses because the increase in interest rates that tend to make technological papers.Microsoft fell 2.7% before publishing its profit report.

In Europe, the bags recovered from the strong losses of the eve and set aside the fears of the Ukraine conflict and the effects of pandemic.

Wheat record

Precisely because of this conflict, wheat flew again in the Chicago market.He won US $ 6.43 and closed at $ 300.53 the ton.

Russia and Ukraine explain 30% of wheat exports worldwide, so instability in that region could affect grain supply in much of the globe.In Rosario, the best supply for wheat with immediate discharge was US $ 240 a ton.

For its part, the March contract of the soy.Oleaginous values are located close to their highest value in seven months."While rains occurred in some of the regions of the continent most affected by Lasequía, high temperatures and the prolonged absence of rainfall would have limited the potential to give up the crops," said the BCR.

The corn fell $ 0.39 and was positioned at US $ 244.09, although its furthest contracts closed upwards, because it could also be affected by the conflict between Russia and Ukraine.

In the local exchange market, the dollar wholesale contribution registered an increase of nine cents compared to the previous closure, in an average of $ 104.62.The blue dollar rose fifty cents.The Central Bank ended the day with a neutral balance for its intervention in the wholesale segment.

On the other hand, Economics convened for tomorrow a new debt tender in pesos to continue strengthening local currency financing.On this occasion, you will seek to place $ 240.000 million to cover the maturities at the end of the month and arrive with a “mattress” in the coming months, which are more demanding.