Mideast Stocks: Factors to watch on June 3

Asian stocks jump to 3-month high as recovery hopes outweigh looming risks

  
An investor uses his mobile phone at the Dubai Financial Market.

An investor uses his mobile phone at the Dubai Financial Market.

REUTERS/Mosab Omar

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-Asian stocks jump to 3-month high as recovery hopes outweigh looming risks 

* Brent oil rises to $40 amid hopes for output cuts, recovery 

* MIDEAST STOCKS-Abu Dhabi outperforms; Saudi retreats 

* PRECIOUS-Gold steady as equity rally offsets softer dollar 

* EXCLUSIVE-China approves $20 bln mega petchem complex in Shandong oil hub -sources

* Gulf countries to experience worst economic crisis in history - IIF

* Venezuela's oil exports sink to 17-yr low, choked by U.S. sanctions 

* Donors promise Yemen $1.35 billion, falling short of U.N. target to save aid operations 

* U.N. says Libya sides agree to truce talks

* Israel Airports Authority halts El Al cargo flights over unpaid debts 

* Israel unlikely to approve this year's budget by August deadline, official says 

* Israel's OurCrowd to raise $100 mln for coronavirus technologies

* Iraq pledges to further cut oil output 

* Iranian professor acquitted of sanctions busting leaves U.S., Zarif says

* Jordan tenders to buy 120,000 tonnes wheat - trade

EGYPT

* Egypt's non-oil private activity contracts by less in May - PMI 

* Egypt's GASC buys 120,000 T of Ukrainian wheat in tender 

* Egypt's wealth fund to develop Cairo Citadel district into tourist destination 

SAUDI ARABIA

* Saudi wealth fund suspends plans to change $10 bln loan terms - sources 

* Saudi non-oil private sector shrinks for third straight month -PMI 

UNITED ARAB EMIRATES

* Emirates to decide on fleet size in the next few months

* Emirate of Sharjah sells $1 bln 7-year dollar sukuk 

* UAE non-oil private sector contracts again, sentiment weak - PMI 

* Dubai to reopen malls and private businesses 

* First Abu Dhabi Bank sells $500 mln in Formosa bonds 

QATAR

* Don't resist order deferrals, Qatar Airways tells jetmakers

* Qatar Petroleum's $19 bln LNG vessel order boon for S.Korean shipbuilders 

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

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