On a memorable day, the markets responded with overwhelming optimism: sovereign assets soared, causing a historic collapse in the nation's risk indicator, while local and international stocks recorded solid gains. Delving into the particular details of the historic management of the monetary authority, the Central Bank of the Argentine Republic (BCRA) crowned the day with a flawless buying intervention of 23 million dollars in the foreign exchange market.
This strategic acquisition, combined with the remarkable revaluation of the Central Bank's assets, catapulted the gross reserves to a truly extraordinary level of 50.655 billion dollars. Thus, public coffers reached a new high in nearly seven years, officially establishing this figure as "the highest number of the Milei era".
In general terms, confidence in the economic direction was reflected in a notable recovery of national quotations.
Argentine sovereign bonds in dollars recorded a solid average improvement of 1%, which drove a spectacular drop in the country risk, which fell 30 units or 5.6%, settling at 505 basis points.
Similarly, the stock index S&P Merval advanced a firm 1.3% in pesos, climbing to 2,913,184 points. In the New York market, Argentine depositary receipts (ADRs) shone brightly, highlighted by the formidable jumps of Satellogic (+7.9%) and Banco Supervielle (+3.2%).
