Argentina’s black market peso slides after Milei win; local equities soar


Source: reuters.com reuters.com

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Summary Companies Argentina domestic markets re-open after Monday bank holiday International bonds, US-listed stocks surged in post election rally U.S.-premarket indications point to more equities gains LONDON/BUENOS AIRES, Nov 21 (Reuters) - Argentina's black market peso slid nearly 10% on Tuesday to over 1,000 per dollar after a libertarian who favors dollarization won the country's presidential election, while stocks and bonds jumped on hopes of tighter economic policy. Argentina's local markets reopened after a holiday on Monday, giving the clearest idea yet of how investors would respond to the weekend's presidential election win of radical libertarian outsider Javier Milei. Miel...