The iShares MSCI Emerging Markets exchange-traded fund (EEM) and the Vanguard FTSE Emerging Markets ETF (VWO) each slipped 0.5%.

Canada and Mexico plan to reject U.S. Nafta proposals but will keep negotiating, sources told CNBC. The iShares MSCI Mexico Capped ETF (EWW) jumped 2.6%. The Mexican peso strengthened by 0.2% against the U.S. dollar, on top of 9% gains against the greenback this year.

McKinsey said it will suspend all work with South African state-owned companies as the result of an investigation, and apologized for “several errors of judgement” in working with Trillian Capital, a company linked to a corruption investigation tied to the wealthy South African Gupta family, the Financial Times reports. The Guptas have been accused of using influence over President Jacob Zuma to gain contracts at state-owned companies. Trillian, owned by a Gupta associate, has denied accusations that it siphoned money from Eskom, a South African electric utility. The iShares MSCI South Africa ETF (EZA) slipped 1.3% Tuesday.

Brazil’s state-controlled oil producer and refiner Petroleo Brasileiro or Petrobras (PBR) sought securities regulation permission for a public listing of its fuel distribution unit BR Distribuidora, according to Reuters. The indebted company has been trying to sell assets to improve its balance sheet, with limited success. Petrobras shares rose fractionally.

With tensions in Iran, Iraq, Afghanistan, Syria and Turkey, President Donald J. Trump Tuesday indicated the U.S. would shore up economic and defense cooperation with Greece after meeting with leftist Prime Minister Alexis Tsipras at the White House. Greece is seeking investment in energy exploration, and could import U.S. liquefied natural gas, according to CNBC. NATO-member Greece is a crossroads in security between the Middle East and Europe, and its indebted economy is on the mend, despite ongoing financial crises. Trump met Tsipras, whose appeal is waning in voter polls, after Tsipras visited with business leaders in Chicago, including diaspora Greeks, to drum up new investment. In addition, another top issue was “the extension of the agreement for the use of the U.S. naval base in Souda Bay, Crete, and the upgrading of the Greek fleet of F-16 military jets.”

The two are unlikely allies: Tsipras, who said in 2016 that Trump represented an “evil” set of ideas, told president it was an honor to be at the White House and said Greece would do “whatever it takes” to enhance cooperation” as a strategic partner in a sensitive region, according to video and a story published by the Chicago Tribune. Tspiras also reminded Trump, “don’t forget that in Greece was born “the values of freedom and democracy” that we share. Trump later commended Greece for bringing back tourism, a lifeblood for the economy.

The Greek visit comes a week after the U.S. curtailed non-immigrant travel to and from Greece’s neighbor, Turkey. The latter’s year-long campaign of arresting suspected anti-government citizens, including alleged coup-collaborators or supporters of Kurdish groups deemed terror organizations, recently extended to a Turkish staffer at the U.S. embassy and a Wall Street Journal journalist among others. See a New York Times editorial that advocates that the U.S. remove 50 tactical nuclear weapons stationed at Turkey’s Incirlik Air Base. The piece adds that Prime Minister Recep Tayyip “Erdogan is worried about an upcoming U.S. trial of Reza Zarrab, a Turkish-Iranian gold dealer accused of violating sanctions on Iran, “because he is connected to a corruption scandal that almost brought down Mr. Erdogan’s government in 2013.”

The Global X MSCI Greece ETF (GREK) fell 0.7% Tuesday, and the iShares MSCI Turkey ETF (TUR) was down fractionally.

Tencent Holdings (0700.HK and TCEHY) scheduled third quarter earnings for Tuesday, Nov. 15 at 7 a.m.

All eyes are on China’s Communist Party Congress that begins Wednesday. Schroders has more on what investors should expect. Here’s a taste:

” … our expectations for economic policy in 2018 and beyond are for more of the same. That is: consolidation of power, both political and economic (partly through mergers of state-owned enterprises [SOEs]); an attempt to grow out of the existing debt problem by channelling credit to the consumer and new industries while slowly closing inefficient SOEs; and policy tinkering to keep growth at an acceptable level (probably between 6 and 6.5%) …”

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