Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Argentina's ruling party candidate edges closer to election win -polls

Published 23/09/2015, 21:25
© Reuters. Scioli, Buenos Aires' governor and presidential candidate, as vice-presidential candidate Zannini watches during a campaign rally in Buenos Aires

BUENOS AIRES (Reuters) - Argentina's ruling party candidate in October's presidential election has eked out slim gains over his main rivals in the past month, putting him within striking distance of winning the first round and avoiding a run-off, opinion polls showed.

Three polls in September put the Front for Victory's Daniel Scioli within 2 points of the 40 percent threshold for an outright win if he holds a 10 point margin over nearest rival Mauricio Macri, of the business-friendly PRO party.

The polls showed Scioli jumping the 40 percent barrier if undecided voters are distributed among the candidates, though the polls' margin of error leaves the Oct. 25 vote on a knife edge.

"A mere change of two or three points for either candidate can mean the difference between a first-round win or run-off," said Ignacio Labaqui of emerging markets consultancy Medley Global Advisors.

Scioli had been expected to receive a stronger bounce after last month's party primaries but voter frustration at his handling of flooding in his home province and accusations of ballot burning in a provincial election won by the ruling party have checked his gains.

Scioli has made new investment a cornerstone of his campaign platform, but has given few clues on the changes he would make to state controls on the economy imposed by outgoing President Cristina Fernandez, often defending her policies instead.

Market-favourite Macri, who is campaigning on a platform to reduce the state's role in the economy and an end to the broad-based Peronist movement's domination of Argentine politics, has struggled to close the gap on Scioli.

His promise to clean up Argentine politics has been dented by a corruption scandal involving a political ally, while diplomats privately say he struggles to connect with voters and lacks the hunger for the presidency that Scioli displays. That has given a fillip to third-placed Sergio Massa.

If no candidate wins 45 percent of valid votes or achieves 40 percent with a 10 point margin, the election will go to a second round on Nov. 22.

Analysts say a run-off could go either way.

© Reuters. Scioli, Buenos Aires' governor and presidential candidate, as vice-presidential candidate Zannini watches during a campaign rally in Buenos Aires

"He's got to focus on getting to the second round, it's all or nothing for Macri in the first round," said 45-year-old Juan Pablo Rivero, a supporter of the Buenos Aires mayor.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.