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Milei Wins in Argentina
The Global X MSCI Argentina ETF rallied 11.4% overnight after Javier Milei's presidential victory. His policies and views include:
Believes the government should have very little power over the economy
Seeks to abolish the Central Bank of Argentina
Seeks to dollarise the Argentina economy
Promote free-market economics including tax cuts, reducing government spending and privatising state-owned enterprises
Why does this matter for ASX investors: There are quite a few ASX-listed lithium stocks based in Argentina, including AGY, AKE, GLN, LEL and LKE.
His campaign has been heavily skewed towards farming and scrapping taxes on farm exports (to make exports such as soybeans, corn and wheat more competitive). But it also mentions promoting investments in oil and lithium.
He seeks to re-privatise state-run driller YPF SA, which rallied 39.9% overnight on the news.
Milei's stance on lithium is unclear, but he has expressed opposition to nationalising the metal or forming a cartel with South American neighbors to control its supply and price.
Key Events
ASX corporate actions occurring today:
Trading ex-div: Elders (ELD) – $0.23, Kelly Partners (KPG) – $0.004, Amcor (AMC) – $0.19
Dividends paid: Adacel Technologies (ADA) – $0.015
Listing: None
Economic calendar (AEDT):
11:30 am: RBA Meeting Minutes
12:30 am: Canada Inflation Rate
6:00 am: FOMC Minutes

<blockquote data-quote="eskys" data-source="post: 1252511" data-attributes="member: 87320"><h2>Milei Wins in Argentina </h2>The Global X MSCI Argentina ETF rallied 11.4% overnight after Javier Milei&#039;s presidential victory. His policies and views include:<ul>
<li data-xf-list-type="ul">Believes the government should have very little power over the economy</li>
<li data-xf-list-type="ul">Seeks to abolish the Central Bank of Argentina</li>
<li data-xf-list-type="ul">Seeks to dollarise the Argentina economy</li>
<li data-xf-list-type="ul">Promote free-market economics including tax cuts, reducing government spending and privatising state-owned enterprises</li>
</ul>Why does this matter for ASX investors: There are quite a few ASX-listed lithium stocks based in Argentina, including AGY, AKE, GLN, LEL and LKE.His campaign has been heavily skewed towards farming and scrapping taxes on farm exports (to make exports such as soybeans, corn and wheat more competitive). But it also mentions promoting investments in oil and lithium.He seeks to re-privatise state-run driller YPF SA, which rallied 39.9% overnight on the news.Milei&#039;s stance on lithium is unclear, but he has expressed opposition to nationalising the metal or forming a cartel with South American neighbors to control its supply and price.<h3>Key Events</h3>ASX corporate actions occurring today:<ul>
<li data-xf-list-type="ul">Trading ex-div: Elders (ELD) – $0.23, Kelly Partners (KPG) – $0.004, Amcor (AMC) – $0.19 </li>
<li data-xf-list-type="ul">Dividends paid: Adacel Technologies (ADA) – $0.015 </li>
<li data-xf-list-type="ul">Listing: None</li>
</ul>Economic calendar (AEDT):<ul>
<li data-xf-list-type="ul">11:30 am: RBA Meeting Minutes</li>
<li data-xf-list-type="ul">12:30 am: Canada Inflation Rate</li>
<li data-xf-list-type="ul">6:00 am: FOMC Minutes</li>
</ul></blockquote>

[QUOTE="eskys, post: 1252511, member: 87320"] [HEADING=1]Milei Wins in Argentina [/HEADING] [B]The Global X MSCI Argentina ETF [/B]rallied 11.4% overnight after Javier Milei's presidential victory. His policies and views include: [LIST] [*]Believes the government should have very little power over the economy [*]Seeks to abolish the Central Bank of Argentina [*]Seeks to dollarise the Argentina economy [*]Promote free-market economics including tax cuts, reducing government spending and privatising state-owned enterprises [/LIST] [B]Why does this matter for ASX investors: [/B]There are quite a few ASX-listed lithium stocks based in Argentina, including AGY, AKE, GLN, LEL and LKE. His campaign has been heavily skewed towards farming and scrapping taxes on farm exports (to make exports such as soybeans, corn and wheat more competitive). But it also mentions promoting investments in oil and lithium. He seeks to re-privatise state-run driller YPF SA, which rallied 39.9% overnight on the news. Milei's stance on lithium is unclear, but he has expressed opposition to nationalising the metal or forming a cartel with South American neighbors to control its supply and price. [HEADING=2]Key Events[/HEADING] ASX corporate actions occurring today: [LIST] [*][B]Trading ex-div[/B]: Elders (ELD) – $0.23, Kelly Partners (KPG) – $0.004, Amcor (AMC) – $0.19 [*][B]Dividends paid: [/B]Adacel Technologies (ADA) – $0.015 [*][B]Listing[/B]: None [/LIST] Economic calendar (AEDT): [LIST] [*][B]11:30 am[/B]: RBA Meeting Minutes [*][B]12:30 am[/B]: Canada Inflation Rate [*][B]6:00 am:[/B] FOMC Minutes [/LIST] [/QUOTE]

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