gulfnews : Regional stock markets expected to open lower

The region's stock markets are likely to open lower and are expected to trade within a range in the week ahead as the financial markets around the world are beginning to price in another global recession and the likelihood of a sovereign debt default by Greece, say market experts.

"The credit default swap market is already pricing in a high probability of a Greek default. Leaving aside the macro-environment headwinds, the attention of the regional markets will be on the reporting season which kicks off with Qatar National Bank reporting its third-quarter earnings on October 5," Anastasios Dalgiannakis, head of trading at Dubai-based Mubasher Financial Services, told Gulf News.

Gary Dugan, chief investment officer - Private Banking at Emirates NBD said they remained cautious on international equities.

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