By Héctor Torres (*) for Financial Times - Argentina went to the polls on Sunday to choose the candidates in the presidential election to be held on October 27. However, there were no competing candidates as all the main parties only presented one option.
Argentina's president Mauricio Macri vowed on Monday to win a second term despite a surprisingly strong performance by the opposition in the primary election that set off a shockwave through markets, crashing the peso currency and sending stocks and bonds tumbling.
Conservative president Jair Bolsonaro warned on Monday that Brazil could see a wave of migrants fleeing Argentina if a presidential election in that country returns leftist politicians to power, after their strong showing in a Sunday primary vote.
Brazil’s central bank will have to weigh potential price pressures from the U.S.-China trade war against prospects of a disappointing recovery when determining how long its easing cycle will last.
Argentina's currency collapsed 30.3% to a record 65 Pesos to the US dollar while government bonds sold off steeply on Monday after the country’s market-friendly, President Mauricio Macri, performed worse than expected in Sunday primary elections.
The electoral roll for Sunday's primary election in Argentina included four names with Falkland Islands' addresses, according to reports in the Argentina media.
President Mauricio Macri suffered a crushing defeat as Argentines voted in party primaries on Sunday ahead of October's general election. Given that all of the recession-hit country's major parties have already chosen their presidential candidates, the primaries effectively served as a nationwide pre-election opinion poll.
Argentina and the Falkland Islands will be involved in a scientific assessment cruise of Southern Bluewitting stocks beginning next 9 September. The cruise, the second this year, will take place in the Argentine state of the art scientific vessel “Victor Angelescu”, belonging to the Mar del Plata based Fisheries Investigation and Development Institute, INIDEP.
Argentines are facing what is probably the tightest presidential race since the return of the country’s democracy in 1983 with conservative President Mauricio Macri facing an opposition ticket including ex-President Cristina Fernández, and the primary elections Sunday are expected to provide a hint of who might win October’s vote.
Argentina’s election primary on Sunday will determine President Mauricio Macri’s chances of winning a second term in October, with the country’s embattled peso currency expected to take a fresh beating next week if the business-friendly does not accomplish as expected.