Milei's Party Surges in Legislative Elections

Early results from Argentina's midterms delivered a sweeping win for President Javier Milei, as voters endorsed his free-market overhaul and austerity. His La Libertad Avanza led Buenos Aires province with 41.5% to the Peronists' 40.8%, and expanded its House bloc to 64 seats from 37. The outcome bolsters Milei's leverage in Congress and is seen as good news at the White House, which alongside investors has praised lower inflation, a fiscal surplus, and deregulation. Markets are expected to rally Monday, with analysts also predicting a devaluation of the peso.

Reviewed by JQJO team

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