MIDEAST STOCKS-Gulf may have soft tone; Saudi, UAE data weak

DUBAI, Nov 3 (Reuters) - Gulf stock markets may consolidate with a soft tone on Thursday as global markets struggle and after weak economic data from Saudi Arabia and the United Arab Emirates. Wall Street equity indexes dropped by between 0.4 and 0.9 percent overnight and Brent oil fell further to below $47.50 a barrel. Purchasing managers' data shows growth in Saudi Arabia's non-oil private sector slowed in October because of government austerity steps in response to low oil prices; the seasona