MIDEAST STOCKS-Gulf markets hold breath ahead of U.S. Fed report | News by Country | Reuters:
"Most Gulf stock markets stood nearly still on Tuesday as oil prices seesawed and investors waited for the U.S. Federal Reserve to indicate when it plans to start raising interest rates.
Brent crude oil hovered around $59 per barrel during the day, swinging repeatedly between gains and losses and giving no clear direction to equities.
U.S. Federal Reserve Chair Janet Yellen will deliver the central bank's semi-annual Monetary Policy Report to the Senate Banking Committee on Tuesday and it remains unclear whether she will reaffirm June as a window for a first rate hike."
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