Latam 8 September 20

Macri lost the primaries against Alberto Fernández by an unexpected difference of 15 points. The market reaction was very negative, with a significant depreciation of the peso and significant losses across all asset classes. Hernán Lacunza became the new Minister of Finance. General elections will take place on October 27th. If main trends are repeated as expected, the Fernández-Fernández partnership will win in the first round and there will be no need for runoff voting.