Argentina Macro Daily(Beta Mode)
Merval Surges Amid Energy Gains
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MERVAL | 2,768,681.50 | +2.78% |
| USD/ARS | 1,394.00 | -0.03% |
| YPF | 41.59 | +5.34% |
| MercadoLibre | 1,666.93 | -1.38% |
| Globant | 45.04 | +1.74% |
| Soybeans | 1,174.75 | +0.53% |
| Gold | 4,695.40 | +2.06% |
| Bitcoin | 71,002.96 | +1.56% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Brent Crude Oil | Type: market_hloc | Brent Price: 104.8 (2026-03-20) | Range: 59.96–108.7 | Trend(5pt): 62.07,66.52,67.55,72.48,104.8
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- Merval index rose 2.78% on energy sector strength, despite global underperformance.
- USD/ARS edged down 0.03%, indicating peso resilience amid external risks.
- IMF flags war-driven inflation risks; Argentina signals troop support for US.
Yesterday's Recap
Argentine markets showed strength yesterday, with the Merval index advancing 2.78% to 2,768,681.50, led by energy and tech gains despite reports ranking it last globally in dollar terms. YPF shares climbed 5.34% to 41.59, supported by elevated oil prices from Middle East tensions and Vaca Muerta progress. MercadoLibre declined 1.38% to 1,666.93 amid emerging market pressures, while Globant increased 1.74% to 45.04 on tech sector rebounds.
The official USD/ARS rate fell 0.03% to 1,394.00, reflecting BCRA efforts to stabilize the currency and narrow parallel market spreads. Soybean prices rose 0.53% to 1,174.75, aiding export revenues and reserves. Gold advanced 2.06% to 4,695.40 as a safe haven, and Bitcoin gained 1.56% to 71,002.96 amid crypto interest.
Markets responded to Argentina's statement on potential troop deployment if requested by the US, adding geopolitical uncertainty to fiscal outlooks. No significant data releases were reported, keeping focus on commodity trends and global volatility.
The Day Ahead
The economic calendar is empty today, with no data releases or events scheduled, providing space for markets to absorb recent global news. Traders may watch for updates on Vaca Muerta investments, which could impact energy equities given high commodity levels. BCRA commentary on reserves could emerge, especially with IMF reviews approaching.
International oil movements will influence sentiment due to Argentina's export dependence. Tomorrow's calendar is also quiet, directing attention to weekend developments in geopolitics. Without major catalysts, trading is likely to remain consolidative unless external factors intervene.
Other Economic Notes
Argentina's economy contends with ongoing inflation challenges, but recent peso steadiness helps mitigate import-related price rises. Vaca Muerta advancements draw international capital, offering GDP uplift via expanded energy exports during global supply strains. Adherence to IMF fiscal reforms is vital for debt management and additional funding access.
