Wednesday 2 October 2019

MIDEAST STOCKS-Global stocks decline weighs on Gulf markets - Reuters

MIDEAST STOCKS-Global stocks decline weighs on Gulf markets - Reuters:

Most major Gulf equity markets fell in early trading on Wednesday, taking their cue from global stocks which dropped following weak economic data in the United States and Europe.

The U.S. manufacturing sector contracted in September to its weakest level in more than a decade as business conditions deteriorated further amid trade tensions between China and the United States.

Manufacturing activity in the euro zone contracted at its steepest rate in almost seven years last month, according to a survey on Tuesday that suggested there would not be a turnaround any time soon.

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