MIDEAST STOCKS-Financial shares lift most major Gulf markets - Reuters:
Major Gulf stock markets rose in early trade on Tuesday, buoyed by financial shares amid steady oil prices on optimism that U.S.-China trade tensions could ease and stimulus measures by major economies to counter a possible global economic slowdown.
The United States said it would extend a reprieve that permits China’s Huawei Technologies to buy components from U.S. companies, signalling a slight softening of the trade conflict between the world’s two largest economies.
China’s new lending reference rate was set slightly lower on Tuesday, while Germany said on Sunday Berlin could make available up to 50 billion euros ($55 billion) of extra spending, adding that Germany has the fiscal strength to counter any future economic crisis “with full force”.
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