MIDEAST STOCKS-Background remains gloomy for Gulf markets | Reuters:
"Gulf stock markets may face more pressure on Tuesday after oil prices fell again and global equities slipped.
Brent oil futures hit a six-month closing low of $48.74 per barrel on Monday, hurt by news of an April-June economic contraction in Japan, the world's third biggest consumer of oil. On Tuesday, Brent has slipped 0.3 percent in Asian trade.
MSCI's indexes of Asia-Pacific shares outside Japan and emerging markets have edged down 0.5 and 0.3 percent respectively."
'via Blog this'
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