Gulf bourses wobble; Egypt edges up

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Gulf bourses wobble; Egypt edges up
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Stock markets in the Gulf wobbled on Sunday with the Qatari index extending losses for a third session.

inflation continued easing in December

, paving the way for a possible step down to a quarter point interest rate increase when the U.S. central bank meets in just under three weeks. Still, Fed policymakers remain aligned around further hikes - whatever the size - and a final destination somewhere above 5%. Most Gulf currencies are pegged to the dollar and Qatar, Saudi Arabia and the United Arab Emirates usually mirror any monetary policy change in the United States.

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