Patrick Esteruelas News Today

(Bloomberg) -- Turkey’s commitment to orthodox economic policies that made it an investor favorite will be put to the test after central bank governor Hafize Gaye Erkan resigned on Friday. Most Read from BloombergMeta’s $197 Billion Surge Is Biggest in Stock-Market HistoryDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoThe Most Popular Man in Ukraine Has Become a Problem for ZelenskiyStock Bull Run Pow...

Javier Milei, Argentina's once-radical president, is proving to be a pragmatist as he abandons plans to privatise YPF SA...

(Bloomberg) -- Argentina investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledges to usher in a radical remake of South America’s second-largest economy.Most Read from BloombergThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Taps ex-Twitch CEO to Lead as Altman Joins MicrosoftOpenAI’s Murati Aims...

And investors are happy.

Investors braced for a sell-off after Economy Minister Sergio Massa did better than forecast in Sunday’s presidential vote, dashing hopes for an outright win by a more market-friendly candidate.

(Bloomberg) -- Argentina investors are, once again, running for the exits after being caught off guard by the nation’s notoriously complicated politics. Most Read from BloombergUS Push for Release of Hostages May Delay Israeli Ground War, But Won’t Stop ItTreasury 10-Year Yield Breaches 5% for First Time Since 2007S&P 500 Holds Its Ground Amid Wild Treasury Moves: Markets WrapCar Owners Fall Behind on Payments at Highest Rate on RecordIsrael Latest: Oil Declines as Hostage Tal...

(Bloomberg) -- Angst is spreading among holders of Argentina’s $65 billion in sovereign bonds ahead of Sunday’s presidential election, with nearly every scenario pointing to further investment losses.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Trump Is Winning Over Swing-State Voters Wary of Biden’s Econ...

(Bloomberg) -- Argentine assets look set for a rout after a primary vote showed a populist who vowed to burn down the central bank with surprisingly strong support before the presidential election.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaOutsider Milei Upends Argentina’s Election With Primary WinGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024The Fed Is Playing a Waiting Game to Try to Avoid a RecessionUS S...

(Bloomberg) -- Ecuador, still grieving from the assassination of presidential candidate Fernando Villavicencio, is a week away from an election that investors are betting will result in a dose of stability in the Andean nation.Most Read from BloombergDavid Solomon Scrutiny Spreads From Goldman to Alma MaterMaui Now Looks a Lot Less Like ParadiseBankman-Fried in Custody After Bail Is Revoked Over LeaksLook to the Options Market for Signs of Stock Market TroubleIn the wake of the tragedy, Ecuador&...

(Bloomberg) -- Argentina’s primary election on Sunday will be key in dictating how asset prices will move going forward — it’s just not clear in which direction.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Sta...