Thursday, 15 August 2019

MIDEAST STOCKS-Global economy worries weigh on Gulf stocks - Reuters

MIDEAST STOCKS-Global economy worries weigh on Gulf stocks - Reuters:

Stock markets in the Gulf fell in early trading on Thursday, extending their losses amid falling oil prices and fears of global recession triggered by disappointing economic data out of China and Europe.

Brent crude LCOc1 was down 37 cents, or 0.6%, at $59.11 a barrel by 0300 GMT, after falling 3% in the last session. 


ross domestic product (GDP) growth in the 19-country euro zone was 0.2% in the second quarter compared with the previous quarter, a slowdown from 0.4% percent growth in the first three months of the year.

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