Argentina and Ecuador’s elections, Venezuela sanctions

Argentina's dire economic situation will be top of many voters’ minds when they head to the polls on Sunday, but the election will also have important geopolitical implications. An opposition victory might shift the country away from its recent tilt towards China and towards the US’s orbit. Elsewhere, while the victory of centre-right candidate Daniel Noboa in Ecuador’s presidential election was received positively by investors, it's hard to overstate the scale of the economic challenges he inherits. Finally, the easing of US sanctions are positive for Venezuela’s depressed economy, but it will require large amounts of investment and take a lot of time to substantially raise oil production.