Trump-Backed Milei Triumphs: Markets Soar 25%, Peso Jumps 10%!

Argentina’s markets erupted with optimism after President Javier Milei, a free-market reformer and close ally of Donald Trump, scored a sweeping midterm victory. It was one of Argentina’s strongest rallies in a decade — stocks jumped 25%, bonds climbed 15 cents, and the peso surged 10% against the dollar in a single day.

Market Shockwave

Milei’s La Libertad Avanza party captured 41.5% in Buenos Aires Province, defeating the long-dominant Peronists, and securing national momentum for his pro-market reforms. The win also advances a $40B U.S.-backed support package tied to continued stabilization efforts.

Highlights

🔹 Bonds up 10–15 cents, 2038s at 74 cents

🔹 U.S.-listed Argentine stocks up 50%

🔹 MSCI Argentina ETF +22%

🔹 Peso’s biggest one-day gain in 30 years

Confidence Returns

“This win was far bigger than anyone expected,” said Thierry Larose of Vontobel. Analysts believe Milei’s conciliatory tone signals readiness for cooperation — vital for structural reforms.

Trump’s Influence

Dubbed the “Trump of South America,” Milei mirrors Trump’s populist and pro-dollar stance. Trump celebrated on X:

> “Javier is a fighter for freedom and truth. Argentina is back on the path to liberty!”

Outlook

With investor confidence rebounding and reforms accelerating, Milei’s government could usher in a new era of economic revival — restoring stability and global trust in Argentina’s markets.

#Argentina #Milei #Trump #GlobalMarkets

Disclaimer: This content is for educational purposes only and not financial advice. Investing carries risk, including potential loss.