Monday 29 June 2015

MIDEAST STOCKS-Markets fall again on Greece; no panic in Tunisia | Reuters

MIDEAST STOCKS-Markets fall again on Greece; no panic in Tunisia | Reuters:



"The Greek debt crisis continued to push down Middle Eastern stock markets on Monday after Athens imposed capital controls and shut banks, raising the prospect of Greece leaving the euro zone.



Gulf economies are better insulated from such an event than many areas of the world, because they do not depend on foreign investment and governments can use huge fiscal reserves to continue spending heavily.



But market sentiment in the region was hurt by a broad slide of Asian and European stocks and a near 2 percent drop in Brent oil to just above $62.0 a barrel."



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