Merval’s next test: Milei labor reform vote and fresh INDEC data loom for Buenos Aires stocks
Argentina’s S&P Merval index closed Friday up 1.2% at 2,873,248.32, rising 2% for the week as investors watched a Senate vote on President Javier Milei’s labor reform bill. The bill, which eases hiring rules and lowers severance pay, is expected to face a final Senate vote next week. Key economic data on activity and retail sales are due Tuesday and Wednesday. The market reopens Monday at 10:30 a.m. local time.