Argentina's country risk is at its highest in 2026 with +6.2% in October

Argentine stocks closed a third consecutive month lower, hit by international volatility and disappointing data on local economic activity. In October, country risk accumulated an increase of 180 units, reaching 787 points with an increase of 6.2%, the highest value of the year. The market was affected by the outcome of the ballot in Brazil and the general decline in foreign markets.

Rafaela Capital director Fernando Camusso stressed that "Wall Street is correcting strongly due to doubts about the profitability of the huge spending on artificial intelligence." At the national level, uncertainties persist over the accumulation of reserves and the impact of the 2027 elections. Analyst Jerónimo Bardin of Balanz Capital added that economic weakness has pushed investors to demand a higher risk premium.

Despite the structural decline in stocks and bonds, the currency sector has maintained greater stability thanks to restrictive monetary policy. During the month the Central Bank accelerated its purchase of currency, accumulating reserves of over 1.2 billion dollars.