Gulf shares mixed

Gulf stocks put in a mixed performance in early trade on Monday as investors turned cautious ahead of this week's Jackson Hole symposium for clues on the US Federal Reserve's next policy move, reports Reuters.

US data on Friday showed July retail sales rose as expected, but weaker consumer confidence and softer factory output suggested tariffs were weighing on parts of the economy, clouding the Fed's rate path. Traders are pricing about an 85 per cent chance of a 25-basis-point cut on September 17, and further easing by year-end.

Monetary policy shifts in the US have a significant impact on Gulf markets.