Argentina markets bask in Milei's local election win glow


Argentina's President Javier Milei and his sister Karina Milei embrace onstage at the La Libertad Avanza party headquarters on the day of the legislative elections of the city of Buenos Aires, Argentina, May 18, 2025. REUTERS/Tomas Cuesta

BUENOS AIRES (Reuters) -Argentina's markets enjoyed the glow on Monday of a mood-boosting local election win by the party of investor-friendly libertarian President Javier Milei, which analysts said put him in good stead ahead of more important ballots later this year.

Milei's party won the most votes in legislative elections in wealthy capital Buenos Aires, beating pollsters' forecasts. The win gives Milei just a few more seats in the city's legislature, but is symbolic of his rising fortunes.

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