Morgan Stanley's Positive Recommendation for Argentina Lasts Less than a Week
11 Articles
11 Articles
The Wall Street bank had advised customers to buy government debt securities before the important local election in Buenos Aires, which resulted in a brutal defeat of the Milei party.
Following the crushing defeat of La Libertad Avanza in Buenos Aires, Morgan Stanley withdrew his recommendation to buy Argentine bonds, reflecting the growing concern of international investors for the continuity of Javier Milei's reforms.
After the electoral setback, Milei’s economic plan suffers a blow: the dollar is skyrocketing, the country’s risk is rising and Argentine bonds are losing support as Argentine shares collapse. Morgan Stanley withdrew his recommendation and the tension with the banks grows a few days after a key maturity. The frozen real economy aggravates the social crisis. After the crushing electoral defeat, the markets collapsed. The dollar skyrocketed and ca…
The result of the legislative elections in the province of Buenos Aires generated a "cimbronazo" in Wall Street's look at Argentina. According to Bloomberg, the influential bank Morgan Stanley published a harsh report this Monday in which it withdraws its "favorable position" about the country and closes its recommendation to "buy" Argentine bonds in the face of new uncertainty. [...] The post Morgan Stanley withdraws its recommendation to buy A…
Latin American Summary, September 8, 2025. The report of the influential US bank warns that the strong electoral setback received by the government in the province of Buenos Aires "increases the probability of a negative central scenario." Likewise, it projects a decline of bonds of around eight points and considers "reasonable to expect an additional depreciation [...] Entry Argentina. Wall Street lowers Milei’s thumb: they withdraw the recomme…
Morgan Stanley backed down with his recommendation to buy Argentine assets after the setback La Libertad Avanza suffered in the province of Buenos Aires, where he lost 13% in Sunday's legislatures, La Nación said.
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