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.
The Argentine people on Sunday said they don't want continuity commented third ranked Sergio Massa who obtained 21.34% of ballots and is bound to become kingmaker in the 22 November runoff between Daniel Scioli and Mauricio Macri. Whoever wins will be putting an end to twelve years of Kirchnerism which on Sunday received an unexpected and surprising trashing.
Argentina's financial markets traded higher on Monday after opposition and pro market candidate Mauricio Macri's surprisingly strong showing in presidential elections forced as second vote on 22 November.
Argentina's presidential election is headed for a November 22 runoff between incumbent Cristina Fernández chosen successor Daniel Scioli and conservative rival Mauricio Macri, according to results released into early Monday.
Keen to avoid any kind of turmoil, Argentina's high electoral court called on all the parties running in the presidential election on Sunday to be prudent with their public statements on election night and to wait for a clear trend in the results before making any kind of comments that could affect the vote.