Argentine financial markets record setback after Milei's failed mission - MercoPress

Argentine financial markets experienced a sharp decline Friday amid the global economic storm triggered by a trade war between the U.S. and China following President Donald Trump’s tariffs spree. The market downturn, compounded by a nearly 7% drop in oil prices and a 10-year U.S. rate at 3.87%, reflects fears of a global economic setback, prompting expectations of Federal Reserve rate cuts.

While the country risk index soared and Argentine stocks fell 12% on Wall Street, the S&P Merval of the Buenos Aires Stock Exchange plummeted 7.4% to 2,107,815 points. Although the region's stock exchanges also fell, Buenos Aires' figures were by far the deepest, as the rest fell between 1 and 3%.

These results also came after President Javier Milei's trip to the United States enhanced his socialite status during a conservative event at Trump's Mar-a-Lago residence in Florida. But contrary to Casa Rosada's expectations, Trump was late to the gathering. Therefore, Milei could not meet with him to insist on Argentina's need for a fresh International Monetary Fund disbursement.

In addition, the White House Special Envoy for Latin America Mauricio Claver-Carone announced that the United States' support to the Libertarian administration before the IMF would hinge on Buenos Aires cutting all ties with Beijing, specifically the currency swap agreement brokered during the previous Government of Alberto Fernández and extended during the current one.

Despite Milei’s ideological shift away from Beijing, China remains a vital economic partner for Argentina—its second-largest trading partner after Brazil—and is heavily involved in sectors like infrastructure, energy, and telecommunications. Ending the swap would require Argentina to repay a large sum it currently lacks.

“I am not going to interfere in the middle of the negotiations that are taking place with the IMF, which we want to be successful,” Claver Carone was quoted as saying. “What we do want is that eventually the famous credit line that Argentina has with China ends,” he added.

In the meantime, consensus has been reported to be absent among the IMF's board on an advance disbursement, despite positive remarks from Managing Director Kristalina Georgieva.

Advancing money to Argentina, a practice known as frontloading, generates controversy because any financing for the country before its next principal payment to the IMF would be considered fresh funds, which would increase the multilateral's exposure to the nation, it was explained.

This week's rejection by the Senate of Milei's two Supreme Court nominees, coupled with his rift with Vice President Victoria Villarruel and treason charges for his April 2 Malvinas/Falklands speech, portray a declining head of State badly in need of funding to keep his administration going.

Al-Houthi Claims U.S. Escalation Will Not Affect Yemen’s Military Operations - Telesur English

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The leader of the Ansar Allah movement, Sayyed Abdul Malik al-Houthi, stated that the aggressive escalation by the United States will not impact Yemen’s military operations, both at sea and against the occupying entity. According to al-Houthi, the Arab nation is prepared to face new challenges and undertake actions during a phase of isolation for the Palestinian people.

In his remarks, al-Houthi emphasized that U.S. objectives in Yemen are difficult to achieve and that Washington seeks to pressure those who support the Palestinian cause, exerting maximum pressure on Iran and threatening military aggression. The recent U.S. offensive targeted civilian sites in Sana’a and other provinces, while the U.S. claims its attacks are aimed at weakening military capabilities.

Al-Houthi reaffirmed the steadfast position of the Yemeni people and announced the continuation of bombings against occupied Palestine. In this context, he highlighted that defensive operations from Yemen have demonstrated the inability of the United States to prevent such actions by Israeli occupation forces.

The situation reflects an increase in regional tensions and Yemen’s commitment to supporting Palestine in the face of what they consider external aggression.

If the Eurozone and China cut interest rates, Trump will have largely won, the dollar going up in value means the stock market losses today and yesterday will be recouped

For Trump's plan to succeed, it all depends on what global central banks do in the coming weeks

The Trump tariffs are not all bad for American economy. Swedish car maker Volvo has announced that they plan to shift some of their production from non-US plants to their existing American plant.

why tho

in more ukraine news, an in-depth and personal article about the grim situation for ukrainians press ganged into the military via busification

so brutal, what an awful situation to be forcibly mobilized by a failed state

Today’s videos from Russia’s special military operation.

Another collection of recent Russian drone strikes on Kiev regime military equipment: https://odysee.com/@Support4Z:b/%F0%9F%93%BD%EF%B8%8F-A-%F0%9F%87%AC%F0%9F%87%A7-%F0%9F%87%AB%F0%9F%87%B7,--Russian-FPV-drone-destroys-Ukrainian-Armed-Forces-logistics!:0

Russian drone destroys a Kiev regime T-72 tank in Kharkov oblast: https://news-pravda.com/world/2025/04/03/1204268.html

Surrendered Ukrainian soldier states that Western mercenaries would shoot them if they tried retreating: https://odysee.com/@Support4Z:b/%F0%9F%93%BD%EF%B8%8F-A-%F0%9F%87%AC%F0%9F%87%A7-%F0%9F%87%AB%F0%9F%87%B7,--THE-MERCENARIES-WERE-RIGHT-BEHIND-US!!:3

can someone explain what's going on with the whole abundance thing the libs are trying to sell btw like what sort of theorists/schools of thought are they drawing on and what are they even advocating for

Ukraine Violates Partial Truce by Attacking Russian Gas Station - Telesur English

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Kremlin spokesperson Peskov asserted that Ukrainian attempts to attack energy facilities are a daily occurrence. On Friday, the Russian Ministry of Defense reported that Ukrainian forces attacked the gas metering station in Sudzha.

“Around 10:20 a.m. local time, the Kiev regime launched a double attack using HIMARS rockets against the Sudzha gas metering station,” Russian authorities said.

The Ukrainian shelling caused a major fire at the energy facility, leaving it practically destroyed. Over the past 24 hours, the Ukrainian Armed Forces have been continuously attacking Russian energy plants with drones.

In the Saratov region, Russian air defenses shot down 19 Ukrainian fixed-wing unmanned aerial vehicles that were targeting the destruction of oil refinery infrastructure.

On Thursday evening, the electricity supply in the Shebekino district of the Belgorod region was disrupted as a result of a Ukrainian artillery attack on the facilities of the Rosseti Center (Belgorodenergo Electric Grid Company).

“In practice, all units of the Ukrainian Armed Forces disobey orders from their government,” said Kremlin spokesperson Dmitry Peskov, who asserted that attempts to attack Russian energy facilities are a daily occurrence.

He also recalled that these attacks take place despite the fact that President Volodymyr Zelensky’s regime had supposedly adhered to a moratorium on attacks against energy infrastructure. As a result, “Russia reserves the right to cease complying with the moratorium if the Kiev regime does not respect it,” Peskov clarified.

The Sudzha station is part of the infrastructure through which one of the largest corridors for Russian natural gas supply to Europe operated until January 1. Its transit through Ukrainian territory was halted due to Kiev’s refusal to extend bilateral agreements with Moscow.