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Stock impact report

Milei Triumphs In Argentina Alongside His Free-Market Agenda [Forbes]

Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying (GGAL) 
US:NASDAQ Investor Relations: gfgsa.com
Company Research Source: Forbes
Patria” at 31.7%. This victory counteracts negative results from recent local elections held in Buenos Aires where Milei lost by 14% to the peronistas Last Sunday, Milei's victory marked a second turning point in Argentina's recent history, leveling the playing field for a second phase of long needed libertarian reforms to modernize the country. “Today the people decided to leave behind 100 years of decline. Today marks the beginning of building a great Argentina,” Milei said in a recent statement, “This result is nothing more and nothing less than the confirmation of the mandate we assumed in 2023.” This decisive victory, along with the promise of a $40 billion bailout from the Trump Administration, improved confidence in the economy, with markets and investors reacting positively. The Argentine peso surged nearly 10% against the U.S. dollar, while shares from Argentina's main investing banks BBVA Argentina, Grupo Financiero Galicia and Banco Macro rose considerably. While this Show less Read more
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