Argentina Markets: Merval & the Peso -- August 11, 2026

Argentina’s stock market rose on Monday, driven almost entirely by YPF, which gained 3.7% after reporting a US$1.2 billion quarterly profit and pledging faster drilling in Vaca Muerta. The rally lifted the Merval index 1.14% to 3,122,064 points. Gains came even as sovereign debt weakened, pushing the country-risk gauge up to 465 basis points, with selling concentrated in dollar-denominated issues amid concern over how long Argentina can sustain its managed-crawl currency anchor without burning reserves. The official peso barely moved, slipping 0.04% to 1,498 per dollar. YPF also confirmed plans to sell its 70% stake in Metrogas to Edenor for US$780 million.