Argentine financial markets extended their recent gains on Tuesday, driven by encouraging domestic inflation data and supportive global sentiment.
The S&P Merval index rose 1.4%, while government bonds advanced an average of 0.2%, reflecting renewed investor confidence in the country's economic stabilization efforts.
The rally follows the release of June inflation figures from the National Institute of Statistics and Censuses (INDEC), which marked the third consecutive monthly decline in price pressures.
This sustained cooling trend has helped reduce the country's risk premium, known as 'riesgo país,' to 406 basis points, signaling a gradual de-risking of Argentine assets.
The domestic uptick was bolstered by a positive session on Wall Street, where US equities posted gains amid favorable macroeconomic data and strong corporate performance.
The broader global risk-on environment provided additional tailwinds for emerging market assets, including Argentina's equities and sovereign debt.