Tuesday 1 September 2015

MIDEAST STOCKS-Gulf markets join global equity slide on China fears | Reuters

MIDEAST STOCKS-Gulf markets join global equity slide on China fears | Reuters:



"Stock markets across the Middle
East fell on Tuesday alongside steep drops in global stock
prices because of renewed uncertainty about the state of China's
economy.



Stock markets fell after data showed China's manufacturing
activity had contracted in August at its fastest pace in three
years, reinforcing fears of a slowdown in the world's
second-largest economy despite a flurry of government support
measures.



Oil fell more than 4 percent after the Chinese data, giving
up some of the gains made on Monday, when both Brent and U.S.
crude futures had surged more than 8 percent."



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