Markets cheer Trump’s defeat, but what does it mean for Argentina?

Although markets had expected the Democratic Party to win the U.S. midterm elections — or, more precisely, for President Donald Trump to suffer a decisive defeat — the scale of the setback caught both supporters and opponents by surprise. Of the 435 seats in the House of Representatives and the 35 Senate seats contested on Tuesday, Democrats secured 228 seats against 139 for Republicans in the House, a net gain of 25 seats. In the Senate, Democrats won 54 seats compared with 44 for Republicans, gaining seven seats from the G.O.P. As a result, although some final results are still pending, the…