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Argentina s financial markets
were on tenterhooks on Monday to see if new President Javier
Milei would immediately launch into his promised economic shock
therapy by devaluing the peso. .
LONDON (Reuters) -Argentina's financial markets were mostly guarded with local stocks rising to mark the start of the Javier Milei era on Monday as investors waited for the new president to launch into his promised economic shock therapy. The official peso, which some of the market is focusing on amid calls for a reset, dipped in line with a controlled devaluation set in place months ago. Dollar bond prices inched lower even as spreads tightened marginally.