MIDEAST STOCKS-Markets pull back as global equities dip, some earnings disappoint | Reuters:
"Most stock markets in the Middle East fell on Monday after several companies reported poor third-quarter earnings and European equities edged down along with oil prices.
The index of top European shares dipped as the Ifo business climate index slipped to its lowest level in nearly two years, while Brent crude dropped towards $85 per barrel after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand.
Dubai's bourse, which rose as much as 0.8 percent early in the session, gave up all its gains when European markets moved into negative territory. The benchmark fell 1.4 percent to 4,625 points, but remained above the 200-day average at 4,599 points, an important technical level."
'via Blog this'
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