MIDEAST STOCKS-Saudi inches up as trade tensions ease, cheaper valuations lift UAE - Reuters:
Saudi Arabia's stocks bounced back from
earlier losses on Monday with the United States and China
seeking to soothe trade tensions, while markets in the United
Arab Emirates rose after recent sell-offs made stock valuations
more attractive.
Beijing called for calm and U.S. President Donald Trump
predicted a trade deal between the world's two largest economies
after markets fell in response to new tariffs from both
countries.
Oil prices also rose on the concillatory signs, following
losses incurred after both the sides had levelled more tariffs
on each other's exports.
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