When we said that today was looking like a strong up day for markets, we meant excluding the Mideast.
Ongoing political upheaval hasn’t been good for markets (sidenote: The Egyptian Stock Exchange was due to open today, but that’s been delayed until Sunday. It hasn’t traded since late January.).
In Oman, the army was brought in to disperse protests, which have entered their fourth day. All told, at least six have been killed, and rioters have burnt down a grocery store and blocked access to a port.
The Saudi market, which got crushed on Sunday (falling nearly 5%) continues to slide. It’s currently over over 1.2%.