Argentina's election line-up twist a boost for markets, adds spice to IMF talks


FILE PHOTO: Argentina's Economic Minister Sergio Massa and Brazil's Finance Minister Fernando Haddad (not pictured) hold a news conference, at the Casa Rosada presidential palace in Buenos Aires, Argentina, January 23, 2023. REUTERS/Agustin Marcarian/File Photo

BUENOS AIRES (Reuters) - Argentina's election line-up twist, which saw the ruling Peronist coalition torpedo a leftist candidate in favor of a centrist economy minister, is positive for markets, analysts said, but adds new spice to negotiations with the IMF.

The Peronist bloc, Union por la Patria, said on Friday economy minister Sergio Massa would be the sole nomination for the ruling coalition, spiking the day-old candidacy of a close ally to populist Vice President Cristina Fernandez de Kirchner.

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