Page 18 - UNION PROPERTIES GENERAL - February 2024
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2/29/24, 10:20 AM Mideast Stocks: Most Gulf markets in red ahead of US inflation data
An investor reads a paper as he monitors a stock exchange information screen on the trading floor at the Dubai Financial
Market April 29, 2012.
Reuters/Jumana El Heloueh
EQUITIES
Mideast Stocks: Most Gulf markets in red
ahead of US inflation data
Avalon Pharma jumped 29.8% on the second day of its listing
Ateeq Shariff, Reuters News
February 28, 2024
Most stock markets in the Gulf ended lower on Wednesday ahead of U.S. inflation data
this week that may influence the timing of the Federal Reserve's monetary policy easing
cycle. Investor focus is squarely on the personal consumption expenditures price index
(PCE) for January, the Fed's preferred inflation measure, due on Thursday.
The PCE is expected to have risen 0.3% on a monthly basis in January, up slightly from
the 0.2% increase seen in December, a Reuters poll showed.
https://www.zawya.com/en/markets/equities/mideast-stocks-most-gulf-markets-in-red-ahead-of-us-inflation-data-uwjbm9f5 1/3
