Milei scores major election win in Argentina
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The Argentine peso rose around 9% against the U.S. dollar, on track for the biggest move in more than two decades, according to Dow Jones Market Data. A U.S. dollar-denominated government bond maturing in 2046 rose by 11 cents to trade at 66 cents on the dollar, according to Tradeweb data. Argentina’s benchmark stock index rose 17%.
Argentine President Javier Milei's libertarian alliance made strong gains in Sunday's midterm elections, but he now faces the challenge of showing he can build a coalition to push through investor-desired reforms,
Argentinian voters came out to endorse President Javier Milei's Freedom Advances party in mid-term elections in a boost to the government's reform agenda.
The gains reflected optimism that President Javier Milei’s win will shore up support from the Trump administration.
Discover why Banco BBVA Argentina S.A. stock is surging after Milei's win. Click for how structural reforms and investor optimism signal BBAR financial growth.
President Donald Trump appears to have had a major influence on the outcome of the Argentine election this week.
Milei’s libertarian party defied poll predictions, tripling its congressional seats to advance free-market reforms.