Shine comes off EM as Trump administration rocked

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Shine comes off EM as Trump administration rocked

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A cargo ship sails across the North Sea off the coast of Whitley Bay, Tyne and Wear, as storm clouds sweep down the coast with snow forecast. | Owen Humphreys/PA Wire/Press Association Images

Just a day after EM bankers were predicting an endless summer of bond market bliss, came a US-led market wobble, which rival bankers said has caused leads to put the brakes on an expected trade from Lithuania.

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