MNI BRIEF: Canada Debt Management Strategy Highlights

MNI: Canada Budget Update Summary Table

NDP LEADER SINGH SAYS JUSTIN TRUDEAU MUST RESIGN

MNI BRIEF: US ISM Expects Increased Revenues, Sticky Prices

MNI NBH WATCH: Policy Pause To Continue, Fresh Projections Due

MNI NBH POLICY: NBH To Hold Rates As Inflation In Line

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI: US DEC FLASH MANUF PMI 48.3 (FCST: 49.5); NOV 49.7

MNI: US NY FED EMPIRE STATE MFG INDEX 0.2 DEC

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ARGENTINA: GDP Exceeds Expectations, Morgan Stanley Upgrades Banks

ARGENTINA
BulletEM BulletEmerging Market News
  • Firmer-than-expected growth data with 0.5pp beats on both the quarterly and annual reads. It is worth noting that earlier in the session, headlines crossed regarding Morgan Stanley double upgrading a slate of four Argentine banks with American Depositary Receipts to overweight from underweight, citing progress in President Javier Milei’s reforms.
  • “Our call revolves around the normalization of the economy, government policies, and investor interest in the asset class,”
  • The note adds that a “more constructive economic environment could make Argentina the fastest-growing banking market in the region” and the country has the right conditions to support a multi-year period of strong credit growth. (BBG)
  • Unemployment rate data and trade balance figures for November are scheduled Wednesday before Friday’s release of October economic activity.
121 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Firmer-than-expected growth data with 0.5pp beats on both the quarterly and annual reads. It is worth noting that earlier in the session, headlines crossed regarding Morgan Stanley double upgrading a slate of four Argentine banks with American Depositary Receipts to overweight from underweight, citing progress in President Javier Milei’s reforms.
  • “Our call revolves around the normalization of the economy, government policies, and investor interest in the asset class,”
  • The note adds that a “more constructive economic environment could make Argentina the fastest-growing banking market in the region” and the country has the right conditions to support a multi-year period of strong credit growth. (BBG)
  • Unemployment rate data and trade balance figures for November are scheduled Wednesday before Friday’s release of October economic activity.