La Derecha Diario Optimism in the local market: Merval rises 4% and stocks recover in the US
Meanwhile, the country risk remains stable at 718 basis points. The impact of the agreement with the IMF.
The possibility of a new financing agreement between Argentina and the IMF, along with an easing of global trade tensions, caused a rebound in the local financial market.
The S&P Merval index of the Buenos Aires Stock Exchange rose 4.5% to 2,260,000 points, after a 1% advance on Tuesday and a sharp 5.5% drop on Monday.
In Wall Street, Argentine ADRs also showed notable increases:
- Central Puerto (+7.1%)
- Banco Supervielle (+7.1%)
- Transportadora Gas del Sur (+7.1%)
- Banco Francés (+6.9%)
Meanwhile, the country risk prepared by JP Morgan remained stable at 718 basis points and sovereign bonds showed slight improvements.
Economist Gustavo Ber explained to Infobae that, although concerns about tariffs in the U.S. and the risk of global recession persist, Argentine assets are seeking to gain independence and remain firm in anticipation of an agreement with the IMF.
Progress in negotiations with the IMF
President Javier Milei sent a decree to Congress to support a new credit agreement with the IMF, which could provide additional financing to the country.
However, the exact amount and disbursement schedule have not yet been defined. According to the consultancy EcoGo, net amounts could range between 8,000 and 20,000 million dollars, although the IMF only grants funds based on the economy's financing needs over time.
Treasury auction and financial strategy
This Wednesday, the Treasury will seek to renew maturities for 4.6 trillion pesos through an auction of seven securities.
From Max Capital anticipated that the Government will try to balance the validation of high rates in the short term with the need not to show a flat nominal yield curve, which could suggest that inflation expectations are not well anchored.
Caputo at ExpoAgro: support for the productive sector
Economy Minister Luis Caputo participated in the 2025 edition of ExpoAgro in San Nicolás. During his speech, he highlighted that, at the beginning of Milei's government, the agricultural sector faced serious difficulties in planning due to high inflation, lack of access to imported inputs, and a 200% exchange rate gap.
"Today we are literally in another country," Caputo stated, and guaranteed that the Government will not deviate from macroeconomic order. He also assured that the reduction in spending will be maintained to continue lowering inflation and taxes.
"We came to take the foot off the private sector's head," the minister emphasized, and highlighted that work will continue to simplify the lives of producers and improve the profitability of the agricultural sector.
Wall Street and uncertainty about the U.S.
Internationally, markets also showed improvements. The main Wall Street indices rose up to 1.5%, led by the Nasdaq.
However, doubts persist about the direction of the U.S. economy. According to the IEB Group, market expectations began to shift toward a possible cooling of activity due to uncertainty about Donald Trump's economic policies.
Despite a recent employment report that brought some relief, statements by the former president triggered massive sales at the beginning of the week, reflecting the volatility of global markets.
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