Argentina Macro Daily(Beta Mode)
MERVAL Dips Amid IMF Inflation Optimism
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MERVAL | 2,889,185.00 | -1.19% |
| USD/ARS | 1,364.00 | +0.57% |
| YPF | 40.59 | -3.06% |
| MercadoLibre | 1,855.83 | +1.85% |
| Globant | 49.97 | +1.30% |
| Soybeans | 1,167.50 | +0.02% |
| Gold | 4,807.60 | -1.03% |
| Bitcoin | 75,164.59 | +1.77% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
WTI Crude Oil Price | Type: macro_line | WTI Oil Price USD: 100.7 (2026-04-13) | Range: 55.44–123.6 | Trend(6pt): 61.34,99.59,85.89,73.99,99.62,100.7
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- MERVAL index fell 1.19% amid equity weakness, while USD/ARS rose 0.57% on crawling peg adjustments.
- IMF anticipates inflation slowdown in Argentina, based on April indicators showing deceleration.
- Milei endorses US-Israel actions against Iran, aligning with his push to reshape national values.
Yesterday's Recap
Argentine markets displayed mixed results, with the MERVAL index declining 1.19% to close at 2,889,185.00, pressured by drops in major stocks like YPF, which fell 3.06% to 40.59 due to energy sector headwinds. The USD/ARS rate increased 0.57% to 1,364.00, consistent with the ongoing crawling peg mechanism. Soybean prices saw a minimal gain of 0.02% to 1,167.50, offering modest backing for agricultural exports.
No key economic data was released, but headlines focused on IMF expectations of easing inflation from April data. MercadoLibre advanced 1.85% to 1,855.83, and Globant rose 1.30% to 49.97, reflecting tech sector strength. Gold prices decreased 1.03% to 4,807.60, influencing mining sentiment, while Bitcoin climbed 1.77% to 75,164.59 on positive crypto flows.
The Day Ahead
No major economic indicators are slated for release tomorrow, giving markets time to absorb IMF insights on inflation trends. Focus may turn to potential Milei administration updates on fiscal policies. Investors could watch Cerrado Gold's recent production figures for mining sector cues.
Parallel peso movements will be monitored for capital control effectiveness. Geopolitical developments, including Milei's comments on Middle East tensions, may affect overall risk sentiment. Expect possible consolidation in equities and bonds on a light calendar day.
Other Economic Notes
Milei's administration continues to earn IMF approval for its fiscal surplus, with Q1 primary results aiding program adherence. Cerrado Gold reported strong Q1 2026 output of 12,842 gold equivalent ounces at its Minera Don Nicolas mine, highlighting mining sector resilience. Labor market reforms are progressing, with reductions in regulations aimed at encouraging employment, supporting Milei's broader societal value shifts as noted in recent analyses.
Global Macro News
The IMF highlights global economic resilience but flags inflation risks from fuel crises, such as in Kenya, and oil price impacts from the Iran conflict benefiting Brazil while pressuring costs. (cont...)
