Major Gulf stock exchanges edged lower after the U.S. proposed a 30% tariff on imports from the EU and Mexico starting Aug 1. Saudi Arabia’s TASI fell 0.2%, Dubai dropped 0.3%, and both Abu Dhabi and Qatar indices declined 0.3–0.5%. Investors are awaiting U.S. inflation data and potential Fed policy shifts, which could directly impact Gulf asset markets due to their currency peg to the dollar.

Source: reuters.com