Country risk falls, stocks and bonds soar due to Middle East truce

Argentina’s country risk index fell sharply on Wednesday, dropping more than 50 points amid a global economic recovery following the truce between the United States and Iran.  The indicator now stands at 551 basis points, down from 610 points on Tuesday. Sovereign U.S. dollar bonds are also registering gains, with the Global 2041 up 3.5%, followed by the Global 2035 (+3.4%) and the Global 2046 (+3.3%). The momentum is also reflected in international markets, with Wall Street registering gains as high as 2.8%. Key European stock exchanges are trading with significant gains, as the Euro Stoxx 50 is up 5%, and the CAC 40 is up 4.6%.  U.S. President Donald Trump warned that he could impose steep tariffs on countries that supply weapons to Iran, following the two-week ceasefire agreement.  Any country that provides weapons to Iran will immediately be subject to a 50% tariff on all goods it exports to the United States. There will be no exceptions, he stated on social media. Merval and ADRs  Argentine stocks traded on Wall Street through American Depositary Receipts (ADRs) registered strong gains, with Banco Macro leading the way with a 7.6% rise.  They were followed by Grupo Supervielle (+7.5%), BBVA Argentina (+7.3%), and Grupo Financiero Galicia (+5%).  Some energy companies saw declines, including Transportadora de Gas del Sur (-5.3%), YPF (-4.9%), and Pampa Energa (-3.3%).  The local S&P Merval index followed the positive trend, advancing 0.7%, with Banco Macro (+5%), Edenor (+3.6%), Comercial del Plata (+3.5%), and BBVA (+3%) as the leading stocks. Meanwhile, YPF (-5%), Transportadora de Gas del Sur (-2.6%), and Telecom (-2.1%) are among those dropping. With information from mbito