Some of the forces behind last year’s emerging-markets rout resurfaced this week as Turkey’s foreign-exchange reserves unexpectedly tumbled and another former Brazilian president was caught up in Latin
America’s largest corruption scandal. Another batch of mixed comments about the prospects for a U.S.-China trade deal—and signs that a recession is on the way in the U.S.—make the near-term outlook gloomier.
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Blood bath on Monday? 😩
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