Argentina's Economy Reels Towards Recession, Testing Milei Ahead Of 2027 Vote
Published . Updated .
While Javier Milei’s radical austerity measures have slowed inflation, their benefits have yet to reach much of the broader public.
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”).
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.1% 11d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Argentina
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Argentina.
- EEM iShares MSCI Emerging Markets ETF-0.3% 30d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes 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 | -0.17% | after close | after close | after close |
| EMBNo price data for this ticker | — | — | — | — | — | — | — |
| EMLCNo price data for this ticker | — | — | — | — | — | — | — |
| EEMNo price data for this ticker | — | — | — | — | — | — | — |
| GGAL | +9.42% | +4.80% | base | -3.08% | after close | after close | after close |
| PAM | +5.66% | +3.80% | base | -3.15% | after close | after close | after close |
| TGS | +9.58% | +6.80% | base | -3.06% | after close | after close | after close |
| IRS | +0.14% | +1.54% | base | -13.13% | 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 Economy Reels Towards Recession, Testing Milei Ahead Of 2027 Vote HuffPost
Source: HuffPost
The price since 2 Nov 2026: Global X Fds (ARGT) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Global X Fds (ARGT) | that day | -0.17% | 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 | -3.08% | 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 | -13.13% | 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 | -3.15% | 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 | -3.06% | 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 carried with this story
- ARGT Global X Fds
For “Argentina's 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
In “Argentina's Economy Reels Towards Recession, Testing Milei Ahead Of 2027 Vote,” Grupo Financiero Galicia (GGAL) is linked, with no stored direction, medium confidence. 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 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 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
In “Argentina's Economy Reels Towards Recession, Testing Milei Ahead Of 2027 Vote,” Irsa Investments & Representations (IRS) is linked, with no stored direction, medium confidence. 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)
Global X Fds (ARGT) is the company in “Argentina's Economy Reels Towards Recession, Testing Milei Ahead Of 2027 Vote,” the 2 Nov 2026 this story story.
What ties Global X Fds (ARGT) to the headline 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
Price levels for Global X Fds (ARGT)
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)
47 out of 100Price not final
“Argentina's Economy Reels Towards Recession, Testing Milei Ahead Of 2027 Vote” scores 47 out of 100. The score uses 2 sources, and 5 linked companies. The price is not final yet.