Overview
- S&P Merval set a new nominal record above 3,000,000 points with gains of roughly 7% as Argentine ADRs and sovereign bonds advanced.
- JP Morgan’s country risk gauge fell to about 647 basis points, its lowest since early February, extending the post‑election repricing.
- The peso stabilized near but below the band ceiling: wholesale around $1,445, Banco Nación retail near $1,475, and the blue at roughly $1,445, with MEP and CCL near $1,490–$1,505.
- The central bank’s Communication A 8350 took effect Nov. 1, shifting reserve‑requirement computation to monthly while keeping a 95% daily floor, a modest step to reduce rate volatility.
- Spot FX turnover was about USD 316.4 million and futures exceeded USD 1,089 million; official reserves stood near USD 40,495 million as reports of pre‑election U.S. support and November inflows remain key watchpoints.