October 26, 2019

Argentine stocks could suffer another bout of volatility as the country is on the cusp of a leadership shake-up while in the middle of an economic crisis.

Market-friendly President Mauricio Macri is expected to lose his reelection bid on Sunday to leftist Alberto Fernandez and his running mate, former President Cristina Fernandez de Kirchner. Macri suffered in August an embarrassing defeat to Fernandez that sent Argentine’s stocks and the country’s currency crashing. Since then, markets have been pricing in a Fernandez victory.

But questions still remain about how Fernandez would turn around Argentina’s spiraling economy and restore investor confidence. That uncertainty could stoke more volatile swings in Argentina’s already fragile capital markets moving forward.

Read more:

https://www.cnbc.com/2019/10/26/argentina-could-send-investors-for-a-wild-ride-again-as-election-looms.html