30/06/2026 16:40 - Economia
The Dow Jones Industrial Average closed on June 29, 2026 surpassing 52,000 points for the first time in its 128-year history, marking a significant milestone in global financial markets. This record reflects renewed investor optimism following the US-Iran agreement to halt reciprocal attacks, which had generated market uncertainty since March.
The tech-heavy Nasdaq also had a remarkable session, climbing over 2%, while the S&P 500 settled at 7,354 points, consolidating the semester's bullish trend.
ADRs (American Depositary Receipts) are certificates that represent shares of foreign companies traded on US exchanges, allowing international investors to buy Argentine companies without dealing with local market regulations.
Country Risk (Riesgo País) measures the additional premium investors demand to hold Argentine sovereign bonds compared to US Treasuries. A lower number indicates greater confidence in the country's ability to meet its debt obligations.
The indicator closed at 428-431 basis points, reflecting positive investor sentiment about Argentina's economic management and political stability following the appointment of Diego Santilli as Cabinet Chief.
| Indicator | Value | Variation |
|---|---|---|
| S&P Merval (Main stock index) | 3,176,751 points | +1.7% |
| Dollar Bonds (Global 2030) | - | +1.4% |
| Official Dollar (Banco Nación) | $1,495 ARS (selling rate) | +5% in June |
| Wholesale Dollar | $1,481.50 ARS | Highest since Nov 2025 |
| Blue Dollar (parallel market) | $1,510-$1,515 ARS | Gap ~2% |
| International Reserves | USD 46,666 million | -USD 415 million |
| Trading Volume | USD 818 million | - |
Oil prices continued their recovery following April 2026's historic highs of USD 138/barrel, when Middle East conflicts created supply pressures:
Oil price stabilization benefits Argentina's economy significantly. The country has dramatically increased hydrocarbon exports thanks to Vaca Muerta — one of the world's largest shale oil and gas reserves, located in Neuquén province — and the favorable regulatory framework provided by RIGI (Large Investment Incentive Regime).
Markets reacted positively to the confirmation of Diego Santilli as the new Cabinet Chief of Ministers. He will be sworn in on June 30, 2026, replacing Manuel Adorni, who resigned on June 27 following a scandal involving a 775% increase in personal wealth.
The Central Bank of Argentina (BCRA) has accumulated purchases of USD 11,000 million throughout 2026, demonstrating the strength of the exchange rate scheme and confidence in monetary policy. Analyst projections estimate the dollar at $1,504 ARS for July and $1,653 ARS for December 2026.
With the Dow Jones reaching historic highs, country risk at minimum levels, and international reserves consolidating, Argentina shows signs of financial stability. Investors continue betting on local assets in a context of international calm following the US-Iran agreement, positioning the country favorably for continued economic growth.
Alfredo S. Quiroga
