MIDEAST STOCKS-Gulf gains as positive talks ease trade tensions - Reuters:
All major Gulf stock markets rose on Sunday, reflecting Friday’s surge in global equity shares after the United States and China appeared to move closer towards a resolution of their trade war.
U.S. President Donald Trump on Friday outlined the first phase of a deal to end the trade dispute with China and suspended a threatened tariff hike.
The emerging deal, covering agriculture, currency and some aspects of intellectual property protections, would represent the biggest step by the two countries in 15 months to end a tariff tit-for-tat that has whipsawed financial markets and slowed global growth.
Saudi Arabia’s index rose 0.8% after four days of losses, with Al Rajhi Bank increasing 2.8%.
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