Earlier in the day, the big Mideast stock markets were getting obliterated for the second straight day.
Dubai was down over 6%, with Saudi Arabia close behind.
Now things have stabilised a little bit, as Dubai is now off 2%, and Saudi is flat.
But the Syria-driven market jitters are still the big theme, as oil briefly surged this morning, and gold continues to climb. It’s now at $US1427.
Meanwhile, several of the weak emerging market currencies that everyone is beating up on continue to fade. The rupee is at a new low. So is the Turkish lira.
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