Argentina: A historic election

Javier Milei (La Libertad Avanza) is president-elect of Argentina:

• The Libertarian outsider won in the second round of the presidential elections with 55.7% of the vote, beating the incumbent party candidate by more than 11 percentage points.
• The effects of the new government’s future policies will depend on how and when they are implemented.
• The market rallied on the first trading day after the results.