Argentina Macro Daily(Beta Mode)
Merval Edges Up, Peso Firms
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MERVAL | 2,923,833.00 | +0.20% |
| USD/ARS | 1,354.50 | -0.29% |
| YPF | 41.87 | +0.79% |
| MercadoLibre | 1,822.13 | -2.67% |
| Globant | 49.33 | +1.21% |
| Soybeans | 1,161.75 | -0.17% |
| Gold | 4,816.30 | +0.65% |
| Bitcoin | 75,725.42 | +0.76% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Brent Crude Oil Prices | Type: macro_line | Brent USD/Barrel: 123.3 (2026-04-13) | Range: 59.93–138.2 | Trend(5pt): 66.54,112.3,90.99,82.39,123.3
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- Merval index gained 0.20% to 2,923,833.00, buoyed by YPF's 0.79% rise amid resource sector updates.
- USD/ARS dipped 0.29% to 1,354.50, reflecting stable FX dynamics despite global inflation concerns.
- IMF warnings on oil prices and regional inflation highlight risks to Argentina's export economy.
Yesterday's Recap
On April 16, Argentine markets posted modest advances, with the Merval index up 0.20% at 2,923,833.00, driven by gains in energy and tech stocks. YPF climbed 0.79% to 41.87 on optimism around Vaca Muerta and mining developments, while Globant rose 1.21% to 49.33 amid outsourcing trends. MercadoLibre declined 2.67% to 1,822.13, mirroring global tech softness.
The USD/ARS rate fell 0.29% to 1,354.50, indicating peso resilience. Commodity prices were mixed: soybeans eased 0.17% to 1,161.75, pressuring ag exports, but gold advanced 0.65% to 4,816.30 as a safe haven. Bitcoin increased 0.76% to 75,725.42, supporting risk assets.
No economic data was released, per calendar details. Mining news included Aldebaran and Centauri's Rio Grande gold-copper resource update and Fredonia's 10,000-meter drill program at El Dorado-Monserrat, signaling resource sector momentum. Broader sentiment was lifted by stable commodities, though soybean weakness weighed on exports.
The Day Ahead
April 17 has no scheduled events, based on the calendar, shifting focus to global macro developments like IMF inflation alerts. Markets may monitor commodity trends, including soybeans and gold, for impacts on export revenues and inflation. Potential updates on mining projects or fiscal reforms could influence equities, particularly in resources.
Vaca Muerta-related news might catalyze YPF moves. With low event risk, trading is likely to remain range-bound, sensitive to external factors such as oil price fluctuations from Middle East tensions. Attention also on any emerging details from ongoing resource investments.
Other Economic Notes
Resource sector activity stands out, with Aldebaran filing a mineral resource update for the Rio Grande gold-copper project and Fredonia starting a drill program at El Dorado-Monserrat, pointing to potential inflows and GDP boosts from mining. Agricultural pressures persist, as U.S. beef prices remain high despite calls for more cattle production, indirectly affecting Argentina's export competitiveness.
Global themes include Hyundai's environmental campaign on sea forests, though unrelated directly to economics. (cont...)
