Argentine stocks are lagging behind the broader rally in Latin American equities this year, as the previous market enthusiasm surrounding President Javier Milei’s electoral successes diminishes amid worries regarding disappointing corporate earnings. Following the surge in shares after Milei’s midterm election victory in October, the benchmark Merval index stabilized and subsequently experienced an eight percent … Read more
Argentine markets exhibited volatility this week, influenced by a significant bribery scandal impacting the Milei administration and a newly introduced monetary policy that has been characterized by many as precarious. The EMBI, a gauge of country risk that assesses the probability of debt default, rose to 829 basis points on Tuesday — marking its peak … Read more
Argentina’s dollar-denominated bonds and corporate equities listed on Wall Street experienced a significant decline on Wednesday, following the Lower House’s decision to override President Javier Milei’s veto concerning a law aimed at augmenting funding for individuals with disabilities. On the same day, rates for the securities-guaranteed loans surged dramatically amid market uncertainty regarding the administration’s … Read more