Merval edges up, peso holds near highs and country risk hits an eight-year low as YPF, Banco Macro and Galicia lead Argentina's July 3 session.

Argentina's Merval rose 1.13% on July 2, recovering most of the prior day's drop as the reform trade held and buyers returned near support.

Argentine equities closed +0.37% on July 3 with YPF the turnover king at +2.1% on $3m, while the peso held near 1,488 at the weak end of its band. The read-

Merval edges up, peso holds near highs and country risk hits an eight-year low as YPF, Banco Macro and Galicia lead Argentina's July 3 session.

The Merval jumped 2.21% and country risk fell to 406bp — an eight-year low — after Caputo's debt roadmap, while the peso firmed to 1,485 per dollar.