June 12, 2019 / 2:57 PM / 5 days ago

Argentine equities, bonds rise on Macri's moderate running mate

June 12 (Reuters) - Argentine equities and over-the-counter bonds rose sharply on Wednesday after center-right President Mauricio Macri chose a moderate, Peronist running mate for his re-election bid, a move that could broaden his voter base.

Argentina’s benchmark Merval equities index had climbed 6.0% by late morning trade, while over-the-counter Argentine bonds climbed 2.0% percent. A closely watched JP Morgan country risk index fell 11 basis points to 848 points overall, continuing a more dramatic slide on Tuesday.

Reporting by Jorge Otaola Writing by Gram Slattery Editing by Chizu Nomiyama

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