|02 April, 2020

Mideast Stocks: Factors to watch on April 2

Oil jumps as Trump talks up truce hopes for Saudi-Russia price war

Investors look at electronic display boards on the trading floor at the Dubai International Financial Market March. Image for illustrative purposes.

Investors look at electronic display boards on the trading floor at the Dubai International Financial Market March. Image for illustrative purposes.

REUTERS/Mohammed Salem

DUBAI - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy.

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asian stocks slip as Trump warns of horrors to come 

* Oil jumps as Trump talks up truce hopes for Saudi-Russia price war 

* MIDEAST STOCKS-Weak oil, recession fears pressure most Gulf stocks 

* PRECIOUS-Gold slips as dollar holds firm; U.S. jobs data awaited 

* Trump says expects Russia-Saudi oil deal soon, invites US oil chiefs to White House

* Trump warns Iran against possible 'sneak attack' on U.S. in Iraq 

* Coronavirus stokes tensions between Erdogan and Istanbul's mayor 

* Israelis told to wear face masks in public, mark religious holidays with close family only 

* Lebanon's coronavirus lockdown piles pressure on flagging currency 

* U.S. believes Iran was 'directly involved' in killing of Iranian dissident in Turkey

* Turkish lira skids as manufacturing, trade begin to buckle in coronavirus crisis 

* Gulf banks put brakes on lending as dollar liquidity crunch looms 

* Weaker Gulf corporate bonds may attract yield-chasing investors 

* Coronavirus threatens Gulf insurers' earnings - S&P 

* World economy could contract by 11% in H1 2020 -BlackRock managing director 

EGYPT

* Egypt's health sector races to scale up coronavirus readiness 

* Egypt's GASC cancels wheat tender shortly after announcing it 

* Egypt's Suez Canal shipping traffic unaffected by coronavirus - chief 

SAUDI ARABIA

* Saudi wants cooperation to bolster oil, blames Russia for turmoil - Gulf source 

* Saudi oil supply hits record high despite U.S. pressure-sources

* Saudi govt restricts working for ride-hailing firms to Saudi nationals 

* BRIEF-Saudi Exchange Says Foreigners Sell A Net 3.41 Bln Riyals Of Stocks In March 

UNITED ARAB EMIRATES

* UAE's Fujairah oil storage tanks at full capacity -sources

* Emirates to temporarily shift all cargo operations to Dubai airport

QATAR

* Qatar extends ban of flights, lockdown of industrial neighborhood

* Work from home to curb coronavirus, Qatar tells private firms 

* BRIEF-Qatar Airways Will Suspend Flights To New York JFK From 1 April, Madrid From 4 April, Barcelona From 5 April 

* BRIEF-Qatar Central Bank Issues 600 Mln Riyals Treasury Bills 

KUWAIT

* Kuwait props up coronavirus-hit economy amid low oil prices 

BAHRAIN

* Bahrain pays back $1.25 bln in bonds - statement 

(Compiled by Dubai newsroom) ((dubai.newsroom@thomsonreuters.com))

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