Hot Spots in Emerging Markets: Brazil, Egypt, Indonesia
- Brazil’s political turmoil endures as president fights probe
- Egypt plans to sell Eurobond as its copes with dollar shortage
Aviva's Ballard Says Brazil Is in a Tough Position
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Traders can expect more of the political turmoil that fueled the biggest selloff for emerging market stocks and currencies since November.
Brazil’s latest corruption saga is likely to rumble on as President Michel Temer attempts to stall an investigation into allegations he approved a hush money payment. The claims sent the nation’s currency tumbling the most in almost two decades on Thursday, dragging other developing assets down with it.