Argentina Macro Daily(Beta Mode)
Merval Gains on Mining Output Lift
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MERVAL | 2,931,701.00 | +1.47% |
| USD/ARS | 1,376.00 | +0.98% |
| YPF | 40.98 | +0.96% |
| MercadoLibre | 1,870.08 | +0.77% |
| Globant | 50.60 | +1.26% |
| Soybeans | 1,188.00 | +1.91% |
| Gold | 4,805.60 | -0.02% |
| Bitcoin | 76,418.97 | +0.72% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Brent Crude Oil Price | Type: macro_line | USD/Barrel: 123.3 (2026-04-13) | Range: 59.93–138.2 | Trend(5pt): 65.07,115,92.52,82.39,123.3
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- Merval index rises 1.47% to 2,931,701 amid robust mining data, while USD/ARS climbs 0.98% to 1,376, signaling peso depreciation.
- Cerrado Gold posts strong Q1 production of 12,842 gold equivalent ounces at Minera Don Nicolas mine, boosting commodity sentiment.
- Government pulls funding from Michelin Guide due to falling tourism, plans domestic alternative with online ceremony set for July.
Yesterday's Recap
Argentine markets posted modest gains, with the Merval index up 1.47% to 2,931,701, fueled by energy and mining sectors after Cerrado Gold reported 12,842 gold equivalent ounces produced in Q1 at its Minera Don Nicolas mine in Argentina. The USD/ARS official rate rose 0.98% to 1,376, indicating peso weakening under the crawling peg and minimal FX intervention. YPF shares increased 0.96% to 40.98, buoyed by commodity strength, while MercadoLibre advanced 0.77% to 1,870.08 and Globant climbed 1.26% to 50.60 on positive tech sentiment.
Soybean prices jumped 1.91% to 1,188, aiding Argentine exporters, though gold slipped 0.02% to 4,805.60. Bitcoin rose 0.72% to 76,418.97. No significant economic data was released, but the mining output highlighted potential reserve benefits from sites like Minera Don Nicolas.
Parallel peso rates stayed stable with low blue dollar volatility. Trading volumes were moderate, with ADRs tracking local equity performance.
The Day Ahead
The calendar is empty today with no economic releases or events, giving markets time to absorb recent mining production data and global commodity movements. Investors may watch for any impromptu BCRA updates on reserves, particularly following the Q1 gold output figures. Focus could shift to IMF remarks on fiscal compliance, given Argentina's targets.
Soybean export trends will be monitored amid global food supply warnings. Volatility should remain low absent shocks from U.S. or Chinese markets.
Tomorrow's schedule is also quiet, directing attention to broader weekly macro developments.
Other Economic Notes
Argentina's economic narrative emphasizes fiscal discipline, with mining growth at operations like Minera Don Nicolas aiding reserve buildup under IMF oversight. The tourism sector encounters difficulties as the government suspends support for the Michelin Guide, citing declining visitor numbers, and seeks to develop a national list instead. This could weigh on service-sector contributions to GDP.
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