MIDEAST STOCKS-UAE markets rebound on oil, strong PMI data | Reuters:
"Beaten-down bourses in the United Arab Emirates rose in early trade on Thursday, while other Gulf markets moved little as the Brent oil price stabilised just above $50 per barrel.
Oil edged down on Thursday morning because of an unexpected build in U.S. crude inventories and a stronger U.S. dollar, but Brent remained above $50, stronger than it was when most Gulf stock markets closed on Wednesday.
Wall Street posted a near 2 percent gain overnight and spread betters expect major European bourses to rise as well."
'via Blog this'
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