Argentina Macro Daily(Beta Mode)
Merval Rallies as ARS Holds Steady
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MERVAL | 2,778,025.00 | +1.93% |
| USD/ARS | 1,397.05 | -0.00% |
| YPF | 42.56 | +3.28% |
| MercadoLibre | 1,612.02 | -3.24% |
| Globant | 43.08 | -3.95% |
| Soybeans | 1,155.75 | +0.06% |
| Gold | 4,559.80 | +3.65% |
| Bitcoin | 71,232.26 | +1.01% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Brent Oil Price | Type: macro_line | Oil Price USD: 101 (2026-03-16) | Range: 59.93–133.2 | Trend(5pt): 63.77,117.4,93.99,73.16,101
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- Merval index climbs 1.93% to 2,778,025.00, led by energy gains with YPF up 3.28% to 42.56.
- USD/ARS holds flat at 1,397.05, maintaining crawling peg stability amid BCRA oversight.
- Commodities vary: soybeans +0.06% to 1,155.75, gold surges 3.65% to 4,559.80 on safe-haven flows.
Yesterday's Recap
Argentine markets displayed strength as the Merval index advanced 1.93% to 2,778,025.00, supported by robust energy sector performance, including YPF's 3.28% increase to 42.56. However, tech stocks faced headwinds, with MercadoLibre declining 3.24% to 1,612.02 and Globant dropping 3.95% to 43.08, mirroring Nasdaq weakness. The USD/ARS rate stayed unchanged at 1,397.05, highlighting the BCRA's commitment to the crawling peg.
Commodity movements included a slight 0.06% rise in soybeans to 1,155.75 and a strong 3.65% gain in gold to 4,559.80. Bitcoin edged up 1.01% to 71,232.26, contributing to positive risk sentiment. No significant economic data was released, allowing focus on global influences and local equity resilience amid external pressures.
The Day Ahead
With no economic events scheduled, markets may experience subdued activity, centering on potential BCRA actions to uphold peso stability. Investors could watch for updates on Vaca Muerta energy projects, which might affect YPF and export-related stocks. Parallel exchange rates will be monitored for any shifts from the official USD/ARS.
Global factors, such as U.S. market trends, could influence Merval direction. Any surprise announcements from the Milei government on fiscal matters might introduce volatility.
Other Economic Notes
President Milei's fiscal reforms, emphasizing tax reductions and deregulation, are fostering industrial and retail improvements despite inflation challenges. Vaca Muerta production growth supports export revenues and aligns with IMF programme goals. Ongoing discussions about Argentina's dictatorship history, including victim identifications and Milei's views on past atrocities, highlight social tensions that could impact sentiment.
These elements underscore efforts toward economic stabilization and real wage recovery.
Global Macro News
Global markets contend with U.S. slowdown indicators, including inflation upticks and growth deceleration tied to Middle East conflicts, which may strain emerging economies like Argentina. (cont...)
