MIDEAST STOCKS-Gulf stocks benefit from EM inflows ahead of stimulus moves | Reuters:
"Gulf stock indexes benefited from fund inflows into emerging markets on Wednesday, with all advancing for a second day, as central banks in major global markets signalled the prospect of further economic stimulus.
The Bank of England is due to have its first post-Brexit policy meeting on Thursday, where analysts are expecting the central bank to cut UK interest rates to calm markets. In Japan, there are also expectations of further economic stimulus this month.
"The lower-for-longer interest rate environment and the positive knock-on effect on emerging markets is clearly seen through the sizeable foreign inflows that regional equities are currently enjoying," said Mohamed El Jamal, managing director of capital markets at Abu Dhabi's Waha Capital."
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