IBOV 176,402.10 ▲ 1.77% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.35% USD/MXN17.39▼ 0.13% USD/CLP934.59▼ 0.12% USD/COP3,205▼ 1.58% USD/PEN3.40▲ 0.10% USD/ARS1,478▲ 0.02% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.83% BRENT 93.80 ▲ 3.07% WTI 86.78 ▲ 2.20% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.03% GOLD 4,162 ▲ 2.23% SILVER 61.00 ▲ 3.68% SOY 1,234 ▲ 1.21% CORN 483.00 ▲ 6.68% WHEAT 699.75 ▲ 3.21% COFFEE 317.85 ▼ 4.25% SUGAR 14.79 ▼ 0.60% ORANGE JUICE 144.80 ▲ 0.70% COTTON 80.43 ▲ 1.86% COCOA 5,417 ▼ 3.39% BEEF 220.13 ▼ 2.89% CATTLE 338.03 ▼ 3.30% LITHIUM 69.44 ▲ 0.51% PETR4 42.66 ▲ 2.40% VALE3 74.61 ▲ 3.28% ITUB4 42.85 ▲ 0.75% BBDC4 18.76 ▲ 1.13% ABEV3 16.10 ▲ 1.90% BBAS3 20.81 ▼ 0.34% B3SA3 15.57 ▲ 2.64% WEGE3 46.26 ▲ 8.92% PRIO3 59.55 ▲ 2.35% SUZB3 42.60 ▲ 2.33% RENT3 37.00 ▲ 1.23% AZZA3 17.57 ▲ 0.51% CSAN3 3.91 ▲ 3.44% RAIZ4 0.28 ▲ 3.70% PCAR3 2.72 ▼ 0.37% GMAT3 3.86 ▲ 0.78% PSSA3 54.43 ▲ 1.78% CVCB3 1.22 ▲ 8.93% POSI3 3.71 ▲ 0.82% SLCE3 13.89 ▲ 1.02% NATU3 8.80 ▲ 1.03% BRKM5 6.04 ▲ 5.78% RANI3 7.99 ▲ 1.27% CSNA3 5.28 ▲ 4.35% CMIN3 5.85 ▲ 4.84% USIM5 8.58 ▲ 1.42% GGBR4 23.84 ▲ 1.49% ENEV3 25.67 ▲ 0.98% CPFE3 46.70 ▲ 0.65% CMIG4 11.14 ▲ 1.09% EQTL3 39.00 ▲ 0.44% LREN3 13.55 ▲ 2.11% VIVT3 35.89 ▲ 0.25% RAIL3 13.62 ▲ 2.87% KLABIN 17.84 ▲ 1.42% RAIA DROGASIL 18.21 ▲ 0.44% RDOR3 34.24 ▲ 0.94% HAPV3 11.51 ▲ 2.40% FLRY3 16.70 ▲ 0.91% SMTO3 15.94 ▲ 2.31% UGPA3 32.39 ▲ 1.79% VBBR3 34.69 ▲ 2.18% BBSE3 41.89 ▲ 0.82% BPAC11 56.37 ▲ 1.81% CURY3 30.22 ▲ 0.90% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.83 ▲ 1.60% VAMOS 3.20 ▲ 3.56% SANB11 26.83 ▼ 1.40% ASAI3 8.46 ▲ 2.55% SBSP3 28.96 ▲ 1.26% WALMEX 49.54 ▲ 0.79% GMEXICO 214.58 ▲ 2.68% FEMSA 229.92 ▲ 1.40% CEMEX 22.37 ▲ 1.36% GFNORTE 190.49 ▲ 2.52% BIMBO 60.19 ▲ 1.35% TELEVISA 9.86 ▲ 1.02% AMX 22.69 ▼ 0.31% GAP 383.84 ▲ 1.41% ASUR 274.10 ▼ 0.31% OMA 232.52 ▲ 2.77% KOF 184.53 ▲ 2.25% GRUMA 282.33 ▼ 0.10% KIMBER 39.13 ▲ 1.90% SQM-B 65,892 ▲ 2.09% COPEC 6,355 ▼ 1.47% BSANTANDER 79.47 ▲ 0.58% FALABELLA 5,901 ▼ 0.30% ENELAM 84.13 ▼ 0.47% CENCOSUD 2,027 ▼ 0.04% CMPC 1,065 ▼ 1.74% BANCO CHILE 189.20 ▼ 0.43% LATAM AIR 24.00 ▼ 0.83% YPF 82,400 ▲ 2.20% GGAL 7,965 — 0.00% PAMPA 5,560 ▲ 1.55% TXAR 682.00 ▲ 0.44% ALUAR 980.50 ▲ 0.77% TGS 9,900 ▲ 1.96% CEPU 2,372 ▲ 1.37% MIRGOR 16,775 — 0.00% COME 43.00 ▲ 0.30% LOMA NEGRA 3,605 — 0.00% BYMA 296.25 ▲ 1.37% TELECOM ARG 4,255 — 0.00% ECOPETROL 16.95 ▲ 2.56% BANCOLOMBIA 83.87 ▲ 0.27% GRUPO AVAL 5.09 — 0.00% CREDICORP 391.26 ▲ 0.04% SOUTHERN COPPER 191.83 ▲ 2.03% BUENAVENTURA 32.53 ▲ 4.10% MERCADOLIBRE 1,815 ▼ 0.41% NUBANK 14.24 ▼ 1.04% XP 17.16 ▲ 1.84% PAGSEGURO 9.60 ▲ 0.21% STONE 11.28 ▲ 0.22% GLOBANT 32.33 ▲ 0.72% TECNOGLASS 46.06 ▲ 2.02% GAP AIRPORT 219.27 ▲ 0.73% ASUR 274.10 ▼ 0.31% OMA AIRPORT 107.06 ▲ 2.72% AMX ADR 26.20 ▲ 0.42% FEMSA ADR 132.40 ▲ 1.57% CEMEX ADR 12.85 ▲ 1.14% PETROBRAS ADR 19.05 ▲ 2.72% VALE ADR 14.73 ▲ 3.33% ITAU ADR 8.47 ▲ 0.81% SANTANDER BR 5.43 ▲ 0.28% AMBEV ADR 3.16 ▲ 1.61% CSN 1.06 ▲ 5.50% GERDAU 4.73 ▲ 1.94% LATAM ADR 51.07 ▼ 0.97% BTC 65,723 ▼ 1.18% ETH 1,934 ▲ 0.29% SOL 77.83 ▼ 0.36% XRP 1.14 ▼ 0.09% BNB 572.37 ▼ 0.21% ADA 0.17 ▲ 0.95% DOGE 0.07 ▼ 0.78% AVAX 6.55 ▼ 0.17% LINK 8.66 ▲ 0.19% DOT 0.84 ▼ 0.69% LTC 46.78 ▼ 0.08% BCH 220.79 ▼ 1.30% TRX 0.33 ▼ 0.04% XLM 0.19 ▼ 1.16% HBAR 0.07 ▲ 3.38% NEAR 1.89 ▼ 2.49% ATOM 1.47 ▼ 1.22% AAVE 97.66 ▲ 2.18% SELIC 14.25% EMBRAER 84.34 ▲ 2.04% EMBRAER ADR 66.86 ▲ 2.12% JBS 12.22 ▲ 2.22% JBS BDR 61.77 ▲ 2.57% MBRF3 15.46 ▲ 2.32% MBRFY 3.00 ▲ 1.69% INTER 5.58 — 0.00% EGX 53,932 ▼ 0.11% USD/ZAR16.42▼ 0.33% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.06▼ 0.07% USD/CNY6.76▼ 0.08% DAX 25,151 ▲ 0.56% CAC 8,444 ▲ 0.96% FTSE 10,726 ▲ 1.32% MIB 52,811 ▲ 1.01% IBEX 19,601 ▲ 1.14% STOXX 647.36 ▲ 0.65% EUR/USD1.14▲ 0.19% GBP/USD1.34▼ 0.31% SPX 7,512 ▲ 0.03% DJI 52,429 ▲ 0.39% NDX 29,108 ▼ 0.16% RUT 2,980 ▼ 0.26% TSX 35,706 ▲ 0.95% VIX 17.16 ▲ 0.65% USD/CAD1.41▼ 0.18% US10Y 4.6420 ▲ 0.30% IBOV 176,402.10 ▲ 1.77% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.35% USD/MXN 17.40 ▼ 0.09% USD/CLP 934.59 ▼ 0.12% USD/COP 3,205 ▼ 1.58% USD/PEN 3.40 ▲ 0.10% USD/ARS 1,478 ▲ 0.02% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.83% BRENT 93.80 ▲ 3.07% WTI 86.78 ▲ 2.20% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.03% GOLD 4,162 ▲ 2.23% SILVER 61.00 ▲ 3.68% SOY 1,234 ▲ 1.21% CORN 483.00 ▲ 6.68% WHEAT 699.75 ▲ 3.21% COFFEE 317.85 ▼ 4.25% SUGAR 14.79 ▼ 0.60% ORANGE JUICE 144.80 ▲ 0.70% COTTON 80.43 ▲ 1.86% COCOA 5,417 ▼ 3.39% BEEF 220.13 ▼ 2.89% CATTLE 338.03 ▼ 3.30% LITHIUM 69.44 ▲ 0.51% PETR4 42.66 ▲ 2.40% VALE3 74.61 ▲ 3.28% ITUB4 42.85 ▲ 0.75% BBDC4 18.76 ▲ 1.13% ABEV3 16.10 ▲ 1.90% BBAS3 20.81 ▼ 0.34% B3SA3 15.57 ▲ 2.64% WEGE3 46.26 ▲ 8.92% PRIO3 59.55 ▲ 2.35% SUZB3 42.60 ▲ 2.33% RENT3 37.00 ▲ 1.23% AZZA3 17.57 ▲ 0.51% CSAN3 3.91 ▲ 3.44% RAIZ4 0.28 ▲ 3.70% PCAR3 2.72 ▼ 0.37% GMAT3 3.86 ▲ 0.78% PSSA3 54.43 ▲ 1.78% CVCB3 1.22 ▲ 8.93% POSI3 3.71 ▲ 0.82% SLCE3 13.89 ▲ 1.02% NATU3 8.80 ▲ 1.03% BRKM5 6.04 ▲ 5.78% RANI3 7.99 ▲ 1.27% CSNA3 5.28 ▲ 4.35% CMIN3 5.85 ▲ 4.84% USIM5 8.58 ▲ 1.42% GGBR4 23.84 ▲ 1.49% ENEV3 25.67 ▲ 0.98% CPFE3 46.70 ▲ 0.65% CMIG4 11.14 ▲ 1.09% EQTL3 39.00 ▲ 0.44% LREN3 13.55 ▲ 2.11% VIVT3 35.89 ▲ 0.25% RAIL3 13.62 ▲ 2.87% KLABIN 17.84 ▲ 1.42% RAIA DROGASIL 18.21 ▲ 0.44% RDOR3 34.24 ▲ 0.94% HAPV3 11.51 ▲ 2.40% FLRY3 16.70 ▲ 0.91% SMTO3 15.94 ▲ 2.31% UGPA3 32.39 ▲ 1.79% VBBR3 34.69 ▲ 2.18% BBSE3 41.89 ▲ 0.82% BPAC11 56.37 ▲ 1.81% CURY3 30.22 ▲ 0.90% AERI3 2.07 ▲ 1.47% VIVARA 21.45 ▲ 0.19% COMPASS 24.83 ▲ 1.60% VAMOS 3.20 ▲ 3.56% SANB11 26.83 ▼ 1.40% ASAI3 8.46 ▲ 2.55% SBSP3 28.96 ▲ 1.26% WALMEX 49.54 ▲ 0.79% GMEXICO 214.58 ▲ 2.68% FEMSA 229.92 ▲ 1.40% CEMEX 22.37 ▲ 1.36% GFNORTE 190.49 ▲ 2.52% BIMBO 60.19 ▲ 1.35% TELEVISA 9.86 ▲ 1.02% AMX 22.69 ▼ 0.31% GAP 383.84 ▲ 1.41% ASUR 274.10 ▼ 0.31% OMA 232.52 ▲ 2.77% KOF 184.53 ▲ 2.25% GRUMA 282.33 ▼ 0.10% KIMBER 39.13 ▲ 1.90% SQM-B 65,892 ▲ 2.09% COPEC 6,355 ▼ 1.47% BSANTANDER 79.47 ▲ 0.58% FALABELLA 5,901 ▼ 0.30% ENELAM 84.13 ▼ 0.47% CENCOSUD 2,027 ▼ 0.04% CMPC 1,065 ▼ 1.74% BANCO CHILE 189.20 ▼ 0.43% LATAM AIR 24.00 ▼ 0.83% YPF 82,400 ▲ 2.20% GGAL 7,965 — 0.00% PAMPA 5,560 ▲ 1.55% TXAR 682.00 ▲ 0.44% ALUAR 980.50 ▲ 0.77% TGS 9,900 ▲ 1.96% CEPU 2,372 ▲ 1.37% MIRGOR 16,775 — 0.00% COME 43.00 ▲ 0.30% LOMA NEGRA 3,605 — 0.00% BYMA 296.25 ▲ 1.37% TELECOM ARG 4,255 — 0.00% ECOPETROL 16.95 ▲ 2.56% BANCOLOMBIA 83.87 ▲ 0.27% GRUPO AVAL 5.09 — 0.00% CREDICORP 391.26 ▲ 0.04% SOUTHERN COPPER 191.83 ▲ 2.03% BUENAVENTURA 32.53 ▲ 4.10% MERCADOLIBRE 1,815 ▼ 0.41% NUBANK 14.24 ▼ 1.04% XP 17.16 ▲ 1.84% PAGSEGURO 9.60 ▲ 0.21% STONE 11.28 ▲ 0.22% GLOBANT 32.33 ▲ 0.72% TECNOGLASS 46.06 ▲ 2.02% GAP AIRPORT 219.27 ▲ 0.73% ASUR 274.10 ▼ 0.31% OMA AIRPORT 107.06 ▲ 2.72% AMX ADR 26.20 ▲ 0.42% FEMSA ADR 132.40 ▲ 1.57% CEMEX ADR 12.85 ▲ 1.14% PETROBRAS ADR 19.05 ▲ 2.72% VALE ADR 14.73 ▲ 3.33% ITAU ADR 8.47 ▲ 0.81% SANTANDER BR 5.43 ▲ 0.28% AMBEV ADR 3.16 ▲ 1.61% CSN 1.06 ▲ 5.50% GERDAU 4.73 ▲ 1.94% LATAM ADR 51.07 ▼ 0.97% BTC 65,723 ▼ 1.18% ETH 1,934 ▲ 0.29% SOL 77.83 ▼ 0.36% XRP 1.14 ▼ 0.09% BNB 572.37 ▼ 0.21% ADA 0.17 ▲ 0.95% DOGE 0.07 ▼ 0.78% AVAX 6.55 ▼ 0.17% LINK 8.66 ▲ 0.19% DOT 0.84 ▼ 0.69% LTC 46.78 ▼ 0.08% BCH 220.79 ▼ 1.30% TRX 0.33 ▼ 0.04% XLM 0.19 ▼ 1.16% HBAR 0.07 ▲ 3.38% NEAR 1.89 ▼ 2.49% ATOM 1.47 ▼ 1.22% AAVE 97.66 ▲ 2.18% SELIC 14.25% EMBRAER 84.34 ▲ 2.04% EMBRAER ADR 66.86 ▲ 2.12% JBS 12.22 ▲ 2.22% JBS BDR 61.77 ▲ 2.57% MBRF3 15.46 ▲ 2.32% MBRFY 3.00 ▲ 1.69% INTER 5.58 — 0.00% EGX 53,932 ▼ 0.11% USD/ZAR 16.42 ▼ 0.23% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.07 ▼ 0.05% USD/CNY 6.7609 ▲ 0.06% DAX 25,151 ▲ 0.56% CAC 8,444 ▲ 0.96% FTSE 10,726 ▲ 1.32% MIB 52,811 ▲ 1.01% IBEX 19,601 ▲ 1.14% STOXX 647.36 ▲ 0.65% EUR/USD 1.1417 ▲ 0.11% GBP/USD 1.3386 ▲ 0.05% SPX 7,512 ▲ 0.03% DJI 52,429 ▲ 0.39% NDX 29,108 ▼ 0.16% RUT 2,980 ▼ 0.26% TSX 35,706 ▲ 0.95% VIX 17.16 ▲ 0.65% USD/CAD 1.4090 ▼ 0.11% US10Y 4.6420 ▲ 0.30%
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Luis Petri Named Argentina’s Defense Minister by President-Elect Milei

By · December 4, 2023 · 2 min read

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Argentina’s President-Elect, Javier Milei, officially named Luis Petri as Defense Minister on December 4, 2023.

This appointment becomes effective on December 10, coinciding with the new government’s inauguration.

Luis Petri, a seasoned lawyer, previously ran for vice president with Patricia Bullrich. They were part of the Juntos por el Cambio coalition, finishing third in the presidential race.

Milei’s office highlighted, “This appointment integrates the entire Juntos por el Cambio ticket into the La Libertad Avanza government.”

Aged 46, Petri originates from San Martín, Mendoza province. He is an alumnus of Universidad Nacional del Litoral, holding a law degree.

His political journey includes roles as provincial deputy (2006-2013) and national deputy (2013-2021).

Luis Petri Named Argentina's Defense Minister by President-Elect Milei. (Photo Internet reproduction)
Luis Petri Named Argentina’s Defense Minister by President-Elect Milei. (Photo Internet reproduction)
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In 2023, Petri initially sought the Mendoza governorship but lost to Alfredo Cornejo. He then joined Bullrich as her vice-presidential partner.

After Bullrich placed third in the election’s first round on October 22, she supported Milei in the subsequent runoff.

In Milei’s cabinet, Bullrich is set to head the Ministry of Security, revisiting her role from Mauricio Macri’s presidency.

Argentine media report that Bullrich’s recommendation led to Petri’s Defense Minister role.

Their joint appointment to Defense and Security ministries suggests a shift from Victoria Villarruel, the elected Vice-President.

Milei had earlier stated Villarruel would be key in nominating department heads.

Milei, advocating libertarian principles, plans to streamline his administration to just 8 ministries, down from 18.

His confirmed team includes

  • Guillermo Ferraro (Infrastructure),
  • Mariano Cúneo Libarona (Justice),
  • Diana Mondino (Foreign Affairs),
  • Sandra Pettovello (Human Capital),
  • Guillermo Francos (Interior),
  • Patricia Bullrich (Security),
  • Luis Caputo (Economy), and
  • Luis Petri (Defense).

This selection demonstrates Milei’s strategic approach to governance, emphasizing efficiency and alignment with his campaign promises.

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