Emerging-market investors are bracing for further fallout from allegations Russia was behind a nerve-agent attack in the U.K., overshadowing an election that extended Vladimir Putin’s tenure as the Kremlin’s longest-serving leader since Josef Stalin.
Elsewhere, traders will be rooting for Group-of-20 finance ministers and central bankers to find ways to avoid a global trade war when they meet in Argentina on Monday and Tuesday, while Wednesday’s Federal Open Market Committee meeting should provide guidance on the path of U.S. monetary policy. Bloomberg Economics estimates a trade war could chop $470 billion from the global economy by 2020.
