A bird flies past an electronic ticker board indicating stock figures for ITC Ltd. at the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Emerging Markets Caught Between Rate-Cut Euphoria and Trade Woes

(Bloomberg) -- Two opposing forces are at play in emerging markets. The first is excitement over the dollar’s decline as speculation grows that the U.S. will cut rates soon. And the second is dread...