Argentina Macro Daily(Beta Mode)
MERVAL Slips, REIT Debuts
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MERVAL | 2,832,851.00 | -0.21% |
| USD/ARS | 1,391.00 | +0.00% |
| YPF | 45.16 | +0.78% |
| MercadoLibre | 1,792.63 | +1.45% |
| Globant | 41.23 | +1.40% |
| Soybeans | 1,201.75 | +1.67% |
| Gold | 4,579.50 | -0.76% |
| Bitcoin | 77,327.91 | +1.34% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
US Inflation Rate | Type: macro_line | CPI Index: 3.32 (2026-03-01) | Range: 2.325–8.979 | Trend(5pt): 5.296,8.223,3.251,2.871,3.32
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- MERVAL dipped 0.21% amid mixed global cues, while USD/ARS held steady at 1,391.
- Argentina launches first REIT, boosting real estate liquidity and investor appeal.
- Regional tourism surges, with Argentina benefiting from short-haul travel boom.
Yesterday's Recap
Argentine markets showed modest movements with the MERVAL index closing down 0.21% at 2,832,851, reflecting cautious sentiment amid global inflation concerns. USD/ARS remained unchanged at 1,391, indicating stable official rates. Energy stock YPF rose 0.78% to 45.16, supported by ongoing Vaca Muerta developments, while tech firms MercadoLibre and Globant gained 1.45% and 1.40% respectively, driven by e-commerce growth in Latin America.
Commodity prices influenced sentiment, with soybeans up 1.67% to 1,201.75 on export demand, though gold fell 0.76% to 4,579.50. Bitcoin advanced 1.34% to 77,327.91, adding to risk asset flows. No major data releases occurred, but news of Argentina's first REIT launch sparked interest in alternative investments.
The Day Ahead
Tomorrow brings no scheduled economic releases, allowing focus on broader market reactions to global inflation data. Investors will monitor any unscheduled BCRA updates on reserves or FX interventions amid stable peso dynamics. Potential IMF discussions could surface, though no formal meetings are set, influencing program compliance views.
Attention may shift to commodity trends, especially soybeans, given Argentina's export reliance. Overall, low event risk suggests MERVAL volatility tied to external factors like U.S. rate expectations.
Other Economic Notes
The launch of Argentina's first REIT introduces a liquid real estate investment vehicle, offering fractionation and attractive returns. This aligns with deregulation efforts to attract FDI, particularly in energy projects. Broader themes include tourism recovery, with Argentina joining a LatAm surge in short-haul travel, boosting FX inflows.
Latin America's quick commerce market, projected to exceed $10 billion by 2030, involves players like Mercado Libre, enhancing Argentina's e-commerce integration and fintech growth.
Global Macro News
Global inflation pressures are rising, with Europe's economy stuttering due to war-driven price hikes, leading the ECB and BOE to hold rates steady. (cont...)
