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From Fed to Trump-Kim Summit, EM Traders Seek Clues for Rebound

  • Traders also monitor Mexico presidential debate on Tuesday
  • Argentina and Russia are set to announce rate decisions
Bloomberg business news
El-Erian Sees Contagion Bleeding Through Emerging Markets
Updated on

Emerging-market investors are tiptoeing into Monday chastened by a week that saw two surprise interest-rate hikes, a market meltdown in Brazil, Argentina’s $50 billion loan rescue, rising fears of a trade war and the realization that the end is nigh for stimulus in Europe.

That’s not to mention an all-but-certain rate increase by the Federal Reserve on Wednesday, and potential drama tied to Donald Trump’s much-anticipated meeting with North Korean leader Kim Jong Un in Singapore on Tuesday. The European Central Bank’s meeting on Thursday may be under more scrutiny after comments from officials last week raised speculation that the monetary authority is ready to end its asset-purchase program.