Argentina slides toward recession, testing Milei's recovery before 2027 election
Published . Updated .
A worker wraps a packet of socks at Eseka, a family-owned clothing manufacturer, in Buenos Aires, Argentina, October 21, 2026.
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 slides toward recession, testing Milei's recovery before 2027 election The Daily News | Texas' Oldest Newspaper
Global X Fds (ARGT) since this story, compared with the market
| 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 tied to this story
- ARGT Global X Fds
For “Argentina slides toward recession, testing Milei's recovery before 2027 election,” 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
For “Argentina slides toward recession, testing Milei's recovery before 2027 election,” 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
Pampa Energy (PAM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Argentina slides toward recession, testing Milei's recovery before 2027 election.” 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
For “Argentina slides toward recession, testing Milei's recovery before 2027 election,” 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 slides toward recession, testing Milei's recovery before 2027 election,” 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 slides toward recession, testing Milei's recovery before 2027 election,” 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”)
Also listed, Grupo Financiero Galicia (GGAL): 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
The price range for Global X Fds (ARGT), and the dates in the story
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 slides toward recession, testing Milei's recovery before 2027 election” scores 47 out of 100. The score uses 2 sources, and 5 linked companies. The price is not final yet.