Amidst an uncertain market influenced by the Middle East conflict, Argentina's country risk index ended the trading day slightly above the 600-point mark. Meanwhile, Argentine stocks showed mixed results in international markets. The index, calculated by J.P. Morgan, started the day below this level, falling 37 points to 596, but rebounded to close at 603 points (+0.5%) on Tuesday. This marks the sixth consecutive day the indicator has finished above that threshold. On Wall Street, the main indexes also closed in the red: Nasdaq (-0.7%), S&P 500 (-0.3%), and Dow Jones (-0.2%).
Argentine ADRs also had a mixed performance, led by gains in YPF (+3.3%), while Globant moved in the opposite direction, falling (-3.9%). All government bond issues showed advances, with the AL41D and GD46D bonds leading the way (+1.6% each).
Due to the public holiday for the Day of Memory for Truth and Justice, there was no activity at the Buenos Aires Stock Exchange or in the local foreign exchange market. Across the country, human rights, political, and union groups are marching to mark the 50th anniversary of the coup.
Regarding oil, following conflicting statements from President Donald Trump and the Iranian government about talks and a ceasefire, Brent crude closed at $96 per barrel. The blockade of the Strait of Hormuz is what is keeping the price firm, despite announcements from major powers to release their strategic reserves.
