Milei Euphoria Meets Reality as Peso’s Post-Vote Gains Fade Fast

The rallies unleashed by Argentina President Javier Milei’s surprising electoral have been stunning, with bond prices posting record gains and the stock market skyrocketing 30% in two days as investors stampeded back in.

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Oil hits $100 a barrel despite deal to release record amount of reserves

It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway. …