Argentine markets stumble, then recover after election twist

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Argentine markets recovered following an early wobble on Monday as investors gra...

BUENOS AIRES - Argentine markets recovered following an early wobble on Monday as investors grappled with the likely impact of a shock twist in the country’s presidential election race after the main populist challenger opted instead to launch a vice presidential bid.

Economists said the shock move could add to market uncertainty in the short-term but it should help temper volatility ahead of national elections in October. “Taking a CFK presidency off the table is likely to be welcomed by investors,” Capital Economists said in a note on Monday, adding it “reduced the odds of a disorderly post-election default,” a risk that had spooked investors.

Source: Financial Digest (financialdigest.net)

 

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Cristina no gana, Mañana juicio oral, se bajo, puso un muñeco

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