Election fever dominates emerging markets as stock rally stalls

Emerging-market investors are searching for direction after an eventful first quarter left stocks where they began the year and currencies sensitive to US trade rhetoric.
 
A heavy political agenda in Latin America and a slew of inflation reports signal increased volatility.
 
As election fever grips Brazil and Mexico, money managers will look for clues that market-friendly candidates can wrest the initiative from leftist leaders. Even if they do, the broader picture for riskier assets depends on the outlook for the US dollar. Investors will be tracking US President Donald Trump as he turns his attention to his border-wall