With most of the votes in Argentina’s primary elections now counted, it appears that Daniel Scioli, of the ruling left-wing Front for Victory coalition, is on course to win the Presidential elections on 25th October. But he will probably have to battle it out with Mauricio Macri in a second round run-off. Whatever the outcome, we think the bigger picture is that markets are still being overly optimistic onthe prospects for major reform under either candidate.
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