Mideast Stocks: Factors to watch on June 2

Asia stocks make cautious gains as China worries slow recovery rally

  
Image used for illustrative purpose. Saudi traders monitor stocks at a Saudi Bank in Dammam.

Image used for illustrative purpose. Saudi traders monitor stocks at a Saudi Bank in Dammam.

REUTERS/Stringer

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

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asia stocks make cautious gains as China worries slow recovery rally

* Oil prices inch up ahead of OPEC+ meeting on extended output cuts

* MIDEAST STOCKS-Major Gulf stocks end higher, Qatar outperforms

* PRECIOUS-Gold edges lower as economies open up

* Iran says it is ready to continue fuel shipments to Venezuela

* Israeli defence chief says he's preparing for consequences of West Bank annexations 

* OPEC, Russia discuss extending oil cuts for 1-2 months - sources

* Grand Bazaar, cafes open and flights resume as Turkey eases up

* Lebanese food aid drive underlines pain of economic collapse 

* Eastern Libyan forces say they retook town, relieving pressure on stronghold 

* Gulf currency pegs to remain despite oil price slump, S&P says 

EGYPT

* Egypt's GASC seeks wheat for July 10-25 shipment 

* Egyptians largely follow law on wearing masks, some worry about cost 

SAUDI ARABIA

* Saudi FX reserves down sharply in April to back wealth fund investments

* BRIEF-Saudi Exchange Says Foreigners Buy A Net 2.82 Bln Riyals Of Stocks In May 

* Saudi-led coalition says shot down two drones launched by Yemen's Houthis - agency

* Saudi central bank provides $13.3 bln to support bank liquidity 

UNITED ARAB EMIRATES

* Emirates could take four years to resume flying to entire network

* Emirate of Sharjah hires banks for sukuk that could go up to $1 billion

QATAR

* Qatar Petroleum signs $19 bln shipbuilding agreements with Korean companies

KUWAIT

* Kuwaiti banks to reopen on Tuesday -banking association

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

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