As more details come out about the Argentine swap, the more the market calms down. |
I believe that until Wednesday, the market should be doing the same as today. |
The foreigners are coming back to the market. A low real currency rate against the dollar is also favorable for them. From that point of view, the market was very active today. |
The market has shown a good recovery, though without much volume, against a background of improving interest rates and the real rate. |
The market is a bit calmer regarding the Argentine situation, with many betting on a U.S. aid package for them. As a result, the real currency is much calmer, which helped the market. |
The Nasdaq is very unstable and we are tagging along with it. Everyone had hoped that the market would do well because of the rate cut and yesterday's fall. |
The telecom sector pushed us up, these shares are really cheap and they've got a lot of room to grow. |
Through the end of the year volumes are going to be pretty thin. There are no big clients taking positions right now. |