Factors to watch – May 05

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MIDEAST – Factors to watch – May 05

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


* GLOBAL MARKETS-Stocks jump, yields drop as Fed cut hopes bloomMKTS/GLOB

* Oil settles down on US jobs data, steepest weekly loss in 3 monthsO/R

* PRECIOUS-Gold resumes retreat despite soft jobs report as traders book profitsGOL/

* MIDEAST STOCKS-UAE markets track oil prices higher.MIDEAST

* Hamas negotiators begin Gaza truce talks; CIA chief also present in Cairo nL1N3H70A5USN

* OPEC+ likely to extend production cuts in June: Kemp nL1N3H6186


* US and Saudi Arabia nearing agreement on security pact, sources saynL1N3H53DT


* Mubadala Capital Plans $13.5 Bln Biofuels Investment In Brazil – FT nFWN3H61OX

* UAE’s Sharjah announces discovery of gas in Hadibah field nL1N3H70GA

*Abu Dhabi hub carrier Etihad adds banks to $1 billion IPO- Bloomberg News nL4N3H67LO


* Fitch revises Egypt’s outlook to positive on reduced external financing risksnL4N3H680U

(Compiled by Bangalore newsroom)

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