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Javier Milei warns Argentines they will have to endure months of pain while he works to pull country from economic crisis. Read more

(Bloomberg) -- Early indications suggest that Javier Milei performed strongly in Argentina’s presidential election, with the libertarian candidate appearing to benefit from a big turnout in key swing districts like Cordoba.Most Read from BloombergOpenAI Board Urged by Microsoft, Investors to Restore AltmanOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleAltman Sought Billions For Chip Venture Before OpenAI OusterSpaceX Starship Explodes Though Craft Reached New Milestone

Argentina's political landscape takes a dramatic turn as libertarian outsider Javier Milei secures an unexpected presidential victory.

(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 Steel Starts Review as It Spu

The markets have responded favourably to rumours Economy Minister Silvina Batakis could be replaced by lower house speaker Sergio Massa, which was reported by local media late Wednesday night.