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Most Gulf markets ease ahead of US

inflation data

Reuters
February 28, 202412:09 PM GMT+4Updated a day ago

Traders talk with the officials at Bahrain Bourse in Manama, Bahrain, February 7, 2018. REUTERS/Hamad I Mohammed/File
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Feb 28 (Reuters) - Most major stock markets in the Gulf were subdued in early trade on

Wednesday, ahead of a U.S. inflation reading this week that could influence the timing of the
Federal Reserve's 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.

Most Gulf currencies are pegged to the dollar and any monetary policy change in the United
States is usually followed by Qatar, the United Arab Emirates and Saudi Arabia.

https://www.reuters.com/world/middle-east/most-gulf-markets-ease-ahead-us-inflation-data-
2024-02-28/