A much narrower-than-expected victory for Daniel Scioli in Argentina’s general election means that outgoing president Cristina Kirchner’s chosen successor will face a tricky second-round run-off on 22nd November against centre-right candidate Mauricio Macri. Local financial markets are likely to welcome yesterday’s results when they open later today – the chances of Argentina electing a market-friendly government are now higher than at any point over the past decade.
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