MIDEAST STOCKS-Gulf markets subdued as investors take stock of missile attacks

MIDEAST STOCKS-Gulf markets subdued as investors take stock of missile attacks:

"Stock exchanges in the Gulf were mainly subdued early on Monday as investors digested news of missiles fired overnight at Saudi Arabia, the region’s largest economy.

Saudi air defences shot down seven ballistic missiles fired by Yemen’s Houthi forces on Sunday, with debris killing a man in Riyadh, the first death in the capital during a Saudi-led coalition’s three-year military campaign in Yemen.

Any effect on stocks of the attacks was offset by reports that the United States and China have quietly started negotiations to improve U.S. access to Chinese markets. Hopes that the move signalled an easing of the threat of a global trade war pushed U.S. stock futures up more than 1 percent ."



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