Argentina Macro Daily(Beta Mode)
Merval Rallies, Peso Firms
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MERVAL | 2,997,780.00 | +4.61% |
| USD/ARS | 1,382.00 | -1.16% |
| YPF | 46.22 | +0.22% |
| MercadoLibre | 1,729.02 | +6.78% |
| Globant | 46.11 | +0.94% |
| Soybeans | 1,165.25 | -0.49% |
| Gold | 4,757.00 | +2.35% |
| Bitcoin | 68,684.45 | +0.66% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
WTI Crude Oil Price | Type: macro_line | WTI ($/bbl): 89.33 (2026-03-23) | Range: 55.44–123.6 | Trend(5pt): 58.73,113.7,89.56,70.1,89.33
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- Merval index surges 4.61% on energy and equity gains.
- USD/ARS falls 1.16%, signaling peso strength amid FX stability.
- Stocks like MercadoLibre (+6.78%) lead, with mixed commodities.
Yesterday's Recap
Argentine markets delivered strong gains on March 31, as the Merval index rose 4.61% to 2,997,780, propelled by broad equity advances. The USD/ARS rate declined 1.16% to 1,382, reflecting reduced dollar demand and peso appreciation in parallel channels. YPF shares increased 0.22% to 46.22, buoyed by Vaca Muerta progress, while MercadoLibre jumped 6.78% to 1,729.02, highlighting e-commerce strength.
Globant advanced 0.94% to 46.11, supported by tech resilience. Commodities showed varied performance: soybeans fell 0.49% to 1,165.25, weighing on agro exports, but gold climbed 2.35% to 4,757, bolstering reserve options. Bitcoin edged up 0.66% to 68,684.45.
The session occurred without major data releases, enabling focus on fiscal stability and reserve management, amid reports of BCRA adjustments. This performance underscored growing investor trust in Argentina's economic reforms despite external pressures.
The Day Ahead
April 1 features no scheduled economic data or events for Argentina, maintaining a subdued calendar. Markets may track FX movements, including BCRA actions on the official rate and parallel dynamics following recent peso gains. Commodity trends, especially in soybeans and energy, could influence export outlooks and sentiment.
Volatility is expected to remain low absent surprise announcements on reserves or policy. Attention will also turn to global factors, such as EM bond spreads, potentially affecting local yields and IMF compliance signals.
Other Economic Notes
Fiscal surplus measures continue to underpin stability, with Vaca Muerta production boosting energy exports and drawing foreign investment. Deregulation initiatives are freeing up sectors like mining, supporting broader growth. Disinflation progress is key, potentially enabling future policy easing while monitoring demand to avoid overheating under the crawling peg.
Global Macro News
Commodity shifts are critical for Argentina's export economy, with soybeans down 0.49% due to supply abundance, which may pressure farm revenues. Gold's 2.35% increase provides a reserve hedge against volatility in emerging markets. Bitcoin's 0.66% rise highlights its use as an informal asset amid controls.
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