Mideast Stocks: Factors to watch on July 29 – ZAWYA

SourceZawya
SectorFinancial Markets
CountryUnited Arab Emirates

Mideast Stocks: Factors to watch on July 29 Dollar teeters, gold takes a breather as markets await    An investor looks up at electronic display boards at the Dubai International Financial Market, March 21, 2010. Image for illustrative purposes.DUBAI - Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS -Dollar teeters, gold takes a breather as markets await Fed * Oil rises after surprise drop in U.S. inventories offsets demand concerns * MIDEAST STOCKS-Kuwait shares rise on broad-based gains; others little changed * PRECIOUS-Gold steadies on virus fears, stimulus bets; Fed meet eyed * Burst of selling hits Turkish lira after two steady months * Iran holds annual Gulf drill...read more...