06.03.12 Middle East Market Update: Israel down 2%, Saudi Flat, Others down 1-2%

[JohnGaltfla]

06.03.12 Middle East Market Update: Israel down 2%, Saudi Flat, Others down 1-2%


by John Galt
June 3, 2012 07:50 ET

Here we go again. With the Saudi market bouncing back into a positive move for the day, albeit small (0.34%) and looking to close relatively flat there was some hope that the markets might recover in the Middle East to put a floor under U.S. collapse on Friday. Unfortunately the rest of the region is down but not as bad as the TASI yesterday so it would appear everyone is waiting to see what Asia does, especially since the U.K. is closed on Monday.

Here are the charts as of 07:30 ET all provided by Bloomberg.com except for the TASE direct from the Tel-Aviv Stock Exchange website.

[Border guard]

The return of:

[doctor_fungcool]

The return of:

Deathburger(debtburger) in spades.

[Giblin]

Thanks John, I was looking for these charts.

[Bullwinkle]

Will the FED pull more FRN digits out of their nether regions and cause the equities to recover?
They must keep the plates spinning a little longer.