Argentina Markets Watch Adorni, Oil Prices Surge

Argentine markets remained cautious today, focusing on Chief of Staff Manuel Adornis Congress appearance to discuss government progress amid corruption allegations. Globally, oil prices surged due to US plans to intensify Iranian port blockades. Country risk remained at 577 basis points, while sovereign bonds slightly increased in OTC trading. The S and P Merval index dipped 0.75%, but YPF shares rose 0.9% on stronger crude. The wholesale peso gained 0.25% to 1401.5 per dollar, thanks to central bank intervention. Economists advise capitalizing on this quarters opportunities, increasing dollar purchases, and building reserves, as the central bank has already acquired $6.87 billion in foreign exchange this year. Markets will continue monitoring the political landscape. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7cf6ab07e62b6785