Argentina Markets: Merval & the Peso — July 8, 2026
Argentina's Merval index climbed 2.21% to 3,267,482, driven by a credit story with country risk falling to 406 basis points, its tightest level since April 2018. The peso firmed to 1,485 per dollar, edging 0.22% stronger and staying near the strong end of a 1,256-1,492 band. The reform trade is intact, with foreign money paying for President Javier Milei's fiscal and monetary discipline, and the credit market doing the heavy lifting.
- ▪Merval climbed 2.21%, closing at 3,267,482 as the reform trade extended and banks led the advance.
- ▪Country risk fell to 406 basis points, its tightest level since April 2018, after the economy ministry detailed its 2026-2027 debt plan.
- ▪YPF led the local board, rising 2.4% on roughly $13m of turnover, the busiest domestic name of the session.
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Argentina Markets Argentina Argentina Markets: Merval & the Peso — July 8, 2026 By Diego Fernández · July 8, 2026 · 7 min read Daily Brief The morning intel from across Latin America. Free. Subscribe By subscribing you agree to our privacy policy. We never share your email. Key Facts Merval climbed 2.21%, closing at 3,267,482 as the reform trade extended and banks led the advance Country risk fell to 406 basis points, its tightest level since April 2018, after the economy ministry detailed its 2026-2027 debt plan YPF led the local board, rising 2.4% on roughly $13m of turnover, the busiest domestic name of the session Grupo Galicia bucked the tape, sliding 3.3% on about $9m even as the wider index rallied, a rare bank-vs-index divergence the peso firmed to 1,485 per dollar, edging 0.22%…
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