Argentina's black market peso slides as libertarian candidate wins presidential election
Argentina's black market peso fell by almost 10% to over 1,000 per dollar after the country's presidential election was won by a libertarian who favours dollarisation. The local SP Merval stock index was up 20%, led by a near 40% surge in the shares of state energy firm YPF, catching up with a sharp rise in its US-listed stock which had traded a day earlier, on hints by the new president he could privatise the company. Milei's dollar plans put pressure on the embattled peso currency, which is held in check by strict capital controls. International bonds were climbing on Tuesday for a second straight day, marking gains of as much as 0.6 cents with issues being bid between 29-34 cents.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oil prices surging again as Trump threatens Iran Supreme Leader, demands “unconditional surrender”
Share link:In this post: Trump demanded Iran’s “unconditional surrender” and called Khamenei an “easy target” on Truth Social. Oil prices jumped over 2.5% to $73.6 as U.S.-Iran tensions escalated after Israel’s strike. The US is sending more warships to the Middle East, and shipowners are avoiding the Strait of Hormuz.

Ferrari pushes second EV launch to 2028 as luxury EV demand flounders
Share link:In this post: Ferrari delayed plans for its second fully electric model in 2026 to at least 2028 because of a lack of demand for high-performance luxury EVs. Ferrari has sold hybrid models since 2019 and will unveil its first EV in October this year in a three-stage process, which will wind up in a world premiere in spring next year. Aston Martin also pushed back its first electric car from 2025 to 2026 due to low consumer demand but promised to continue with its plug-in hybrid line.

Tesla stock plunges after report says Cybertruck and Model Y production paused
Share link:In this post: Tesla is pausing Cybertruck and Model Y production in Austin for a week starting June 30. This is the third production halt at the factory in the past year. The company plans to launch a robotaxi service in Austin using Model Y vehicles on June 22.

Shiba Inu Slides to Two-Month Low as Trump Downplays Iran Truce
Trending news
MoreCrypto prices
More








