MIDEAST STOCKS-Markets remain under pressure after oil's sharp drop | Reuters:
"Middle East stock markets fell on
Wednesday after oil prices plunged again, although steadier
global equities and some positive corporate news softened the
blow.
Oil futures, which have been the main influence on equities
in the oil-exporting Gulf during the last few weeks of market
turmoil, tumbled 8 percent on Tuesday, erasing all gains made on
the previous day.
But global stock markets were in better shape, with Asian
bourses edging down only modestly on Wednesday while European
bourses rose and Wall Street was expected to open higher."
'via Blog this'
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