Overview
- Buenos Aires’ S&P Merval jumped about 7.6% past 3 million points in pesos and Argentine ADRs rose as much as 13% in New York, while the country‑risk spread fell to roughly 647 basis points, its lowest since February.
- The central bank’s Communication A8350 takes effect November 1, shifting cash‑reserve calculations to a monthly basis with a 95% daily floor, a move presented as adding flexibility and tempering intraperiod rate swings without lowering overall requirements.
- Argentina’s exchange rates were largely steady, with the wholesale dollar near 1,443 pesos, the retail around 1,465, the blue at about 1,455, and financial dollars roughly 1,470–1,498.
- U.S. stocks opened higher on strong results from Amazon and Apple, with the Nasdaq leading gains, following the Fed’s quarter‑point rate cut earlier this week to a 3.75%–4.00% target range.
- European shares traded mixed with Spain’s Ibex 35 holding near 16,000 as Puig rallied roughly 8%–9% after a sales update, and oil hovered near WTI $61 and Brent $65 per barrel.