Argentine stocks and currency surged yesterday after president Javier Milei won key mid-term elections.
Markets had been alarmed that Milei’s economic reforms could be thrown into jeopardy if he failed to win enough seats.
But in elections over the weekend, his coalition won 41 per cent of the vote,
bolstering faith in his ability to deliver plans to slash economic red tape and state spending.
The peso – Argentina’s currency – jumped 10 per cent while the main stock market rallied by as much as 23 per cent, its biggest increase since Milei was first elected in November 2023.
Thierry Larose, at Vontobel Asset Management, said: ‘Milei’s victory was so, so much larger than expected.’
Landslide: In elections over the weekend, President Milei’s coalition won 41% of the vote, bolstering faith in his plans to slash economic red tape and state spending
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
#Argentine #stocks #bonds #currency #soar #president #Javier #Mileis #mid #term #elections #triumph
