Argentine markets in celebratory mood ahead of Easter break

BUENOS AIRES (Reuters) – Argentina’s markets are in celebration mode ahead of the long Easter public holiday with sovereign bonds and equities on a prolonged rally buoyed by fiscal tightening and pro-investor measures taken by libertarian President Javier Milei. Some dollar bonds have hit record highs since a major debt restructuring in 2020 after Milei took office late last year, pledging to put the country’s creaking finances in order, reach a zero deficit and take a “chainsaw” to spending by the state. “The imbalances are reducing. In February, both the fiscal result and the trade balance were positive again, for the second consecutive month. The markets? They are celebrating,” said local economist Esteban Domecq. Argentine markets will have a curtailed…

Source: Market Screener
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