Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote
Published . Updated .
Covered by 12 outlets: WTVB, 1470 & 100.3 WMBD, WSAU, Columbus Ledger-Enquirer, Durham Herald Sun, Internazionale and 6 more.
Who covered it: Center 1 · Not rated 11. How we rate outlets
By Nicolás Misculin BUENOS AIRES, Nov 2 (Reuters) - At a family-owned factory in Buenos Aires, a machine used to wrap packets of colored socks sits silent. Eseka still produces nearly 3 million items a month at the factory, including underwear and swim...
Directly affected
- No company is named in this report.
Indirectly affected
- ARGT Global X MSCI Argentina ETF-13.1% 18d
Global X MSCI Argentina ETF holds stocks listed in Argentina, which this story is about (“argentina”).
- GGAL Grupo Financiero Galicia S.A-14.4% 16d
Grupo Financiero Galicia S.A (commercial banks) is one of the largest Argentina-based companies traded in the US, so news about Argentina (“argentina”) reaches its shares.
- PAM Pampa Energía S.A
Pampa Energía S.A (electric services) is one of the largest Argentina-based companies traded in the US, so news about Argentina (“argentina”) reaches its shares.
- TGS Transportadora de Gas del Sur S.A
Transportadora de Gas del Sur S.A (natural gas transmission) is one of the largest Argentina-based companies traded in the US, so news about Argentina (“argentina”) reaches its shares.
- IRS IRSA Inversiones y Representaciones Sociedad Anónima
IRSA Inversiones y Representaciones Sociedad Anónima (land subdividers and developers (no cemeteries)) is one of the largest Argentina-based companies traded in the US, so news about Argentina (“argentina”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ARGT | +4.97% | +4.16% | base | +0.93% | after close | after close | after close |
| GGAL | +9.42% | +4.80% | base | +1.52% | after close | after close | after close |
| PAM | +5.66% | +3.80% | base | +0.00% | after close | after close | after close |
| TGS | +9.58% | +6.80% | base | -0.80% | after close | after close | after close |
| IRS | +0.14% | +1.54% | base | -10.92% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Argentina’s austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote WTVB
Source: WTVB
Price since this story was published: Global X Fds (ARGT)
| Company | When | Move | Status |
|---|---|---|---|
| Global X Fds (ARGT) | that day | +0.93% | still updating |
| Global X Fds (ARGT) | three days earlier | +4.16% | final price |
| Global X Fds (ARGT) | five days earlier | +4.97% | final price |
| Grupo Financiero Galicia (GGAL) | that day | +1.52% | still updating |
| Grupo Financiero Galicia (GGAL) | three days earlier | +4.80% | final price |
| Grupo Financiero Galicia (GGAL) | five days earlier | +9.42% | final price |
| Irsa Investments & Representations (IRS) | that day | -10.92% | still updating |
| Irsa Investments & Representations (IRS) | three days earlier | +1.54% | final price |
| Irsa Investments & Representations (IRS) | five days earlier | +0.14% | final price |
| Pampa Energy (PAM) | that day | 0.00% | still updating |
| Pampa Energy (PAM) | three days earlier | +3.80% | final price |
| Pampa Energy (PAM) | five days earlier | +5.66% | final price |
| Gas Transporter Of The South (TGS) | that day | -0.80% | still updating |
| Gas Transporter Of The South (TGS) | three days earlier | +6.80% | final price |
| Gas Transporter Of The South (TGS) | five days earlier | +9.58% | final price |
Who gains and who loses around Global X Fds (ARGT)
Companies mentioned with this story
- ARGT Global X Fds
In “Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote,” Global X Fds (ARGT) is linked, with no stored direction, medium confidence. Reason on file: Global X MSCI Argentina ETF holds stocks listed in Argentina, which this story is about (“argentina”)
- GGAL Grupo Financiero Galicia
Grupo Financiero Galicia (GGAL) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote.” Reason on file: Grupo Financiero Galicia S.A (commercial banks) is one of the largest Argentina-based companies traded in the US, so news about Argentina (“argentina”) reaches its shares
- PAM Pampa Energy
In “Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote,” Pampa Energy (PAM) is linked, with no stored direction, medium confidence. Reason on file: Pampa Energía S.A (electric services) is one of the largest Argentina-based companies traded in the US, so news about Argentina (“argentina”) reaches its shares
- TGS Gas Transporter Of The South
In “Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote,” Gas Transporter Of The South (TGS) is linked, with no stored direction, medium confidence. Reason on file: Transportadora de Gas del Sur S.A (natural gas transmission) is one of the largest Argentina-based companies traded in the US, so news about Argentina (“argentina”) reaches its shares
- IRS Irsa Investments & Representations
Irsa Investments & Representations (IRS) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote.” Reason on file: IRSA Inversiones y Representaciones Sociedad Anónima (land subdividers and developers (no cemeteries)) is one of the largest Argentina-based companies traded in the US, so news about Argentina (“argentina”) reaches its shares
Global X Fds (ARGT)
On 2 Nov 2026, “Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote” is the story that connects Global X Fds (ARGT) to this story.
The link for Global X Fds (ARGT) is this: Global X MSCI Argentina ETF holds stocks listed in Argentina, which this story is about (“argentina”)
A second company, Grupo Financiero Galicia (GGAL), is listed for a different reason: Grupo Financiero Galicia S.A (commercial banks) is one of the largest Argentina-based companies traded in the US, so news about Argentina (“argentina”) reaches its shares
Dates in the story, and the Global X Fds (ARGT) price range
ARGT traded between 80.22 and 93.03 across 13 sessions. The latest close on file is 82.71. GGAL traded between 35.23 and 38.75 across 11 sessions. The latest close on file is 36.77.
A simple score for Global X Fds (ARGT)
94 out of 100Price not final
“Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote” scores 94 out of 100. The score uses 12 sources, and 5 linked companies. The price is not final yet.