Stuart Culverhouse Head of Sovereign & Fixed Income Research
Hasnain Malik Strategy and Head of Equity Research
August 12 2019
Argentina: Markets will react badly to Macri's huge shock defeat in primaries
Provisional results from Argentina’s primary elections (PASO) held yesterday indicate that incumbent President Mauricio Macri suffered a huge loss, with opposition presidential candidate Alberto Fernandez gaining 47.3% of the vote to Macri’s 32.5%, with 83% of the vote counted, according to reports. Turnout was a fairly high 75%.
The margin of victory would be enough for Fernandez and his vice-president pick Cristina Fernandez de Kirchner (CFK) to achieve an outright first round victory in the election due on 27 October, if replicated again...
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