Markets brace for volatility after Argentine opposition upsets Macri in primary
Monday, 12 August 2019 () Argentine bonds fell in London trading and further volatility loomed on Monday after voters soundly rejected President Mauricio Macri's austere economic policies in primary elections, casting doubt on his chances of re-election in October.
Argentine President Mauricio Macri will eliminate the sales tax of some basic food products. According to Reuters, those include bread, sugar and milk. The sales tax elimination will begin immediately..