MIDEAST STOCKS-Financials drag most major Gulf markets lower ahead of Fed events - Reuters:
Most major Gulf stocks markets fell on Wednesday, as financial stocks dropped amid regional geopolitical tensions and ahead of U.S. Federal Reserve events.
Tensions in the Middle East remained in focus after U.S. Secretary of State Mike Pompeo said on Tuesday the United States would take every action it can to prevent an Iranian tanker in the Mediterranean from delivering oil to Syria in contravention of U.S. sanctions.
Elsewhere the focus shifted to the minutes of the U.S. Federal Reserve’s most recent meeting, due on Wednesday. Traders are also awaiting the Fed’s Jackson Hole seminar and a Group of Seven summit this weekend for clues on what additional steps policymakers will boost economic growth.
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