Argentina Markets: Merval & the Peso — September 30, 2026
Argentina's Merval fell 0.58% to 2,782,561 on Tuesday, an eighth straight loss, even as bonds rebounded, country risk eased to 607 and INDEC reported a US$2.2 billion current-account surplus. The post Argentina Markets: Merval & the Peso — September 30, 2026 appeared first on The Rio Times .
On Tuesday, September 29, 2026, Argentina's S&P Merval index, the benchmark for the Buenos Aires stock market, fell 0.58% to close at 2,782,561 points, marking the eighth consecutive loss and the lowest close since May 19. Bonds performed better, rising 0.7% on average, ending an 11-session losing streak, while JP Morgan's country-risk index dropped 19 points to 607 basis points.
The second-quarter current-account surplus of $2.214 billion, reported by the statistics office INDEC, contributed to the external accounts improvement, though it did not lift stocks. The peso strengthened slightly, depreciating the wholesale dollar by 2.50 pesos (0.2%) to 1,522 per US dollar. Sovereign bonds saw buying activity, but the central bank bought $70 million, causing gross reserves to fall by $494 million to $47.482 billion.
Despite the bond rebound, stocks continued to decline, with the Merval index 17.7% below its July peak. Analysts noted that rising US Treasury yields and weak domestic activity data weighed on Argentine assets.
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