GLOBAL MARKETS-Cautela dominates investors by crisis in the Middle East and message from the Fed

LONDON, Sep 18 (Reuters) – Oil prices stabilized on Wednesday, as events in the Middle East made investors nervous and caution was installed in financial markets before an expected cut in interest rates on the United States Federal Reserve.

* European stocks remained weak, weighed down by the luxury business sector. The roles of the Swiss group Richemont, fell almost 5% and weighed on the European benchmark STOXX 600, while Swatch values ​​declined to 2.4%.

* The broad Asia-Pacific MSCI index – which does not include Japan – gained 0.08%, while the Nikkei benchmark of the Tokyo Stock Exchange closed down 0.10% after ten consecutive gains. In China, the Shanghai favorite stock index closed with an increase of 0.49%.

* Wall Street futures pointed to a session opening with slight losses.

* In the energy market, Brent crude futures lost 0.26% to $ 64.38 a barrel and had already yielded about 65% of their profits on Monday after the weekend's attack on Saudi oil facilities Saudi

* US WTI crude futures declined 0.5% to $ 59.04 a barrel and had already cut about half of the progress following Saturday's Yemeni Houthi attacks.

* Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman, tried to provide security to the markets on Tuesday, saying the kingdom would restore its lost crude production by the end of the month. He added that supplies to customers would be recovered to pre-attack levels.

* "I think the rise in crude oil prices will possibly end up being short since the global economy is not in very good condition," said Akira Takei, director of Asset Management One. In any case, geopolitical tensions will sustain oil and oil. Shelter assets, such as US bonds, suggested.

* Cash gold prices fell 0.07% to $ 1,501.54 an ounce, while 10-year US bond yields fell to 1,799%, compared to the month and a half high of 1,908% on Friday , as investors enlisted positions for Wednesday’s Fed message.

* While markets almost certainly expect a cut of 25 basis points in the federal funds rate, the focus will be on the language of the statement and the economic projections of the Fed authorities, given that there have been signs of disagreements Among some of them.