Señal Argentina · November 2, 2026
Machine translation of the Spanish original. Read the original
Wall Street trades cautiously ahead of Tuesday's U.S. legislative elections. The S&P 500 fell 1.8% as of 10/30. Volatility, measured by the VIX, rose 12.9% as of 10/30, reaching its highest level since April. Oil dropped 4.2% as of 11/02, with WTI at u$s99.79 per barrel. Investors are evaluating the elections and corporate results.
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Wall Street trades cautiously ahead of U.S. elections and rising global risk
Wall Street trades cautiously ahead of Tuesday's U.S. legislative elections. The S&P 500 fell 1.8% as of 10/30. Volatility, measured by the VIX, rose 12.9% as of 10/30, reaching its highest level since April. Oil dropped 4.2% as of 11/02, with WTI at u$s99.79 per barrel. Investors are evaluating the elections and corporate results.
Why it matters
U.S. electoral uncertainty and global risk aversion impact emerging assets. A political change could generate sell-offs and raise Argentine country risk (EMBI). This would affect the prices of local bonds and ADRs. Wall Street investors are already reducing their exposure to Argentina.
What to watch
Investors will closely follow the results of the U.S. legislative elections this Tuesday. The evolution of volatility and oil prices will also be observed.
Also noteworthy
October inflation between 1.8% and 2%. Private consultants estimate October inflation between 1.8% and 2%. This data is key for fixed income adjusted by CER. La Nación Economy →
North Korea accused of hacking Binance. The FBI accused North Korea of stealing over US$6 billion from Binance. The incident shook Bitcoin's price and the crypto ecosystem. El Economista →
Dashboard
| official dollar | $ 1.560,00 | 0,0% |
| MEP dollar | $ 1.575,00 | +0,4% |
| CCL dollar | $ 1.658,50 | +0,5% |
| blue dollar (informal rate) | $ 1.565,00 | 0,0% |
| CCL / official gap | 6,3% | |
| country risk (EMBI) | 787 bp | 0 bp |
| Merval | 2.848.945 points | -0,4% |
| Monetary policy rate as of 10/29 | 22,4 % TNA | +0,79 pp |
| BCRA Reserves as of 10/28 | USD 50.603 M | +24 USD M |
| Oil | USD 99,79 | -4,2% |
| Soybeans | USD 1.231,25 | +0,7% |
| Copper | USD 6,52 | +0,9% |
| S&P 500 (SPY) | USD 755,72 | -1,8% |
| VIX | 19,4 points | +12,9% |
| U.S. 10-year rate | 4,93 % | -0,06 pp |
What to watch today
| 06/11 | U.S. · Employment · non-farm payrolls (NFP) US |
This is not an investment recommendation. The information published is general and does not consider particular situations. Operating in financial markets implies risk of loss. Consult with a registered financial advisor before making decisions (Law 26.831).