Government flops, stock market drops and dollar rises in Argentina. The defeat in Parliament of the omnibus law of Javier Milei's ultra-liberal government was received negatively by the markets today.
The shares of the main Argentine companies listed on Wall Street also fell, with peaks of 8%. Treasury bonds which recorded contractions of around 3% on average. The Minister of Economy, Luis Caputo, invited us to "play down" the episode by guaranteeing that the fiscal rebalancing program will continue even without the law.