MIDEAST STOCKS-Markets muted ahead of Fed decision on stimulus - Yahoo News Maktoob:
"Gulf Arab bourses were little moved on Wednesday, with investors wary ahead of a likely move by the U.S. Federal Reserve to scale back its ultra-loose stimulus programme.
The Federal Open Market Committee is expected to be measured with any cuts to its $85 billion of monthly asset buying, termed Quantitative Easing (QE), while also seeking to assure investors that the day of an actual policy tightening is still distant.
"As long as the Fed doesn't take hard decisions on tapering the QE, things should be under control here," said Sebastien Henin, portfolio manager at The National Investor.
Gulf equities may see some spill over should global bourses slump, but a larger effect would be felt on fixed income markets, he added."
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