Argentine President seen losing strength in mid-term elections

Cristina Fernandez de Kirchner, the President of Argentina, is expected to lose a significant amount of strength in the country's legislature today as Argentinians vote for half of the lower house of Congress and a third of the Senate.

The elections come amid inflation that's estimated at 25%, import limits and a shortage of dollars, which have helped the popularity Kirchner and her left-wing Victory Front coalition to slump.

Argentine stocks (ARGT) and bonds have been rallying ahead of the vote on hopes that more business-friendly politicians will do well and set them up nicely for a Presidential run in 2015. Markets are expected to rise further if Kirchner's left-wing Victory Front coalition does as badly as the polls indicate.

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Comments (2)
  • niqueco
    , contributor
    Comments (3) | Send Message
    Wrong. Despite the mediocre results for the government party, it is not expected it will loose many sits in Congress. That's why it still will be voted by a very sizeable portion of Argentine population and because the congressmen leaving are from an election that was very bad for the government (so most of the renewed congressmen belong to opposition parties).
    27 Oct 2013, 09:00 AM Reply Like
  • Sufiy
    , contributor
    Comments (377) | Send Message
    Los Azules Copper: McEwen Mining & TNR Gold - Q&A: Argentina mid-term elections MUX, TNR.v, ILC.v, LCC.v


    In these particular Investment Plays we are substituting geological risk with geopolitical. It is our Tenke 2.0 with Lukas Lundin all over again. Now the "Chief Owner" is Mr Gold Corp - Rob McEwen with his stake of 25% in McEwen Mining. At stake is Los Azules Copper project with its almost 20 B lb of Copper safely kept under the ground in the great country of Argentina.
    Lumina Copper with its Taca Taca deposit in Argentina is in a break out mode with closing above CAD6.29 today and indicates that proud Argentines deserve a better economical life as well and we can witness return of very pragmatical political approach to the mining very soon now. Lets dig out what these Elections are actually all about.

    27 Oct 2013, 05:12 PM Reply Like
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