Argentina's agro-business shares are booming in the Buenos Aires stock exchange since 26 October, following the first round of the presidential election, and expectations are even greater on the promises from the two candidates that will be disputing the runoff on 22 November.
With two weeks to Argentina's presidential runoff on 22 November and to decide who will succeed Cristina Fernandez on 10 December, opposition candidate Mauricio Macri has a several points lead over the incumbent Daniel Scioli, although there still is a significant percentage of undecided voters, according to a public opinion poll released on Sunday.
Argentina president Cristina Fernandez has suspended her attendance to the G20 summit in Turkey to campaign for the incumbent presidential candidate, Daniel Scioli, ahead of the 22 November runoff, when he confronts opposition hopeful Mauricio Macri, the big surprise of the electoral dispute.
Sergio Massa is seen as the kingmaker in Argentina’s approaching presidential election runoff next 22 November, with the power to influence more than a fifth of the electorate after taking third place in last month’s first round.
Argentina's election season has dramatically changed the agricultural landscape in the country, one of the world's breadbaskets. Exporters are now more confident than ever that profits will soar next year, creating a short term impact of plunging sales abroad and reduced cash-flow in the Argentine Central Bank’s coffers, although that could change in 2016.
Following the first round of presidential elections in Argentina on Oct. 25, which the ruling party won by a lower-than-expected margin, credit rating agency Moody's Investors Service upgraded on Monday the country's debt rating to stable from negative.
Argentine opposition candidate Mauricio Macri accused the ruling party of fear mongering after a weekend barrage of online attack ads warned he would throw people off welfare and reduce living standards by devaluing the currency. The same kind of spots were reiterated during the final match of the Argentine football league.
Following claims of 'friendly fire', cracks are clearly surfacing in the Argentine ruling coalition strategy to conquer lost ground in the 25 October presidential vote which has forced a runoff on 22 November. Daniel Scioli was expected to beat his runner up by almost ten votes, but this did not happen, in effect Mauricio Macri was defeated by a mere 2.5 percentage points and his PRO party won the governorship of the strategic Buenos Aires province, Argentina's main electoral district.
Argentina's outgoing leader Cristina Fernandez gave an emotional campaign speech on Thursday in her first public address since a surprisingly weak performance by her handpicked candidate in the first-round presidential election on Sunday. Without mentioning allied candidate Daniel Scioli by name, the outgoing president implicitly backed him by calling for support for her progressive social policies to go on after she hands the presidency over to her successor in six weeks.
On Sunday 35% of Argentines voted for continuity of Kirchnerism and 65% voted for a political change, and between the two options, change overwhelmingly won, said Sergio Massa, the third ranked candidate who with his 21% has become kingmaker between the two presidential hopefuls for the November runoff, incumbent Daniel Scioli and market friendly opposition, Mauricio Macri.