BUENOS AIRES - Argentine President Javier Milei's libertarian alliance made strong gains in Sunday's midterm elections, but he now faces the challenge of showing he can build a coalition to push through investor-desired reforms,

Once hampered by his party’s small congressional bench, Milei may now press for labor and tax reforms as well as a fresh budget.

Argentine President Javier Milei hailed his party’s runaway victory in the country’s midterm elections as a national “turning point”, as the stock market surged and he vowed to charge ahead with his agenda of shrinking the state and deregulating the economy.

Milei’s party dominates Argentina’s 2025 midterms, but the LIBRA crypto scandal could threaten his credibility and reform momentum.

The rallies unleashed by Argentina President Javier Milei’s surprising electoral win were stunning, with bond prices posting record gains and the stock market skyrocketing over 20% as investors stampeded back in.

President Donald Trump appears to have had a major influence on the outcome of the Argentine election this week.

Argentina’s stocks, bonds and currency surged Monday after the country’s midterm elections delivered a surprising mandate for President Javier Milei to press ahead with his free-market economic overhauls.