Argentina's Markets Surge on Election Optimism

Argentinas financial markets surged on November twelfth, with stocks and bonds rising, as investors anticipated positive October inflation data and felt optimistic after President Javier Mileis partys legislative election success. The S&P Merval index climbed by 0.87%, and sovereign bonds showed a slight increase. The risk premium remained below 600 units, indicating investor confidence. However, upcoming government announcements and negotiations with Congress will be crucial for maintaining this positive trend.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.