Merval Gains 1% as Risk Falls to 573 | Argentina Market Report, Oct 6
Argentina's Merval gained 1% for a second day as country risk fell to 573 points, from 655 on Friday. The World Bank cut its 2026 growth view to 2.1%. The post Merval Gains 1% as Risk Falls to 573 | Argentina Market Report, Oct 6 appeared first on The Rio Times .
Argentina's main stock index, the S&P Merval, experienced a 1% rise on Tuesday, reaching 2,896,853 points. This gain came despite a warning from the World Bank that it expects Argentina's 2026 growth to be at 2.1%, down from 3.6%. The country risk, or the difference between Argentine and US bond yields, fell to 573 basis points, which is a 26-point decrease from Friday's high of 655.
US stock markets and Wall Street were supportive of the move, with Wall Street stocks rising by 0.5-0.6% and the Nasdaq hitting a new high. Brazil's upcoming election was also cited as a factor in the positive sentiment towards Argentina. The Merval index is closely watched by investors as it reflects the overall sentiment towards the Argentine market.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.