From Yahoo Finance: 2025-06-11 13:11:00

In Argentina, a court upholds a ruling against former President Cristina Fernandez de Kirchner, sentencing her to six years in prison and banning her from holding public office for fraud. Investors are relieved by the decision, fearing a return to Kirchnerism’s high-spending policies. Current President Javier Milei’s market-friendly approach has boosted equities and bonds, with legislative elections in October seen as a test of his popularity. Despite the ruling, analysts caution about tough economic challenges ahead, including the need to rebuild foreign exchange reserves. Sovereign dollar bonds rise slightly, but the S&P Merval stock index falls over 1%.



Read more at Yahoo Finance: Argentine market traders cautiously cheer ‘future without Cristina’