MIDEAST STOCKS-Oil's turnaround may support Gulf; Saudi Arabia awaits MSCI call | Reuters:
"Sentiment among Gulf equity investors may improve on Tuesday if oil extends its early gains, but market activity in Saudi Arabia may decline after the regulator suspended trading in Mobily and as investors await news from index compiler MSCI.
Oil prices edged up in Asian trade on Tuesday on hopes of more economic stimulus in China after disappointing data from the world's second-biggest economy. However, Brent crude has yet to recover from Monday's losses and climb back above $63 per barrel.
China's consumer inflation weakened more than expected, to 1.2 percent year-on-year in May, raising concerns about growing deflationary pressures as the economy cools. Its producer prices fell for the 38th straight month."
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