Argentina’s bonds, stocks, and currency surged after President Javier Milei’s party won big in the midterm election. International bonds rose 10-15 cents, stocks jumped over 20%, and the peso strengthened over 10%. Milei’s victory signals a strong mandate for his free-market reforms and austerity measures. The U.S. pledged $40 billion to support Milei, boosting confidence in his reform agenda. The results pave the way for faster economic reforms and alliances, encouraging investment and strengthening the peso. Milei’s conciliatory tone in his victory speech signals a clearer path for reforms.

Read more at Yahoo Finance: Argentine assets cheer Milei’s election victory with massive rally