MIDEAST STOCKS-Saudi, other debt downgrades may dampen markets | Reuters:
"Downgrades of the credit ratings of three Gulf oil exporters may dampen stock markets in the region on Thursday, offsetting strength in oil prices and global equity markets.
Brent oil futures are just above $35.0 a barrel, having surged more than 7 percent overnight after Iran endorsed the idea of oil producers capping their output to support prices. MSCI's broadest index of Asia-Pacific shares outside Japan is up 1.7 percent on Thursday morning.
However, Iran did not explicitly say on Wednesday that it would restrain its own output, and many analysts still doubt that the agreement will make much difference to oil prices."
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