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Stocks, futures surge on positive data; oil jumps

Bloomberg Stocks rise with US equity futures, and commodities including oil jumped, as a string of positive economic readings spurred optimism in the recovery from the pandemic. The Stoxx Europe 600 Index gained 1%, led higher by cyclical shares, as data showed that euro-area factories are struggling to keep up with surging demand and joblessness in Germany fell. Reports signaling ...

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Singapore bonds beat global peers as curbs fan haven demand

Bloomberg Singapore government bonds beat their biggest developed-market peers in May as a flare-up in virus infections in the city state fostered demand for haven assets. The securities gained 1.1% last month, a performance which trails only that of South African, Mexican and Indonesian bonds among 30 of the world’s largest debt markets, according to data compiled by Bloomberg. Fifteen- ...

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Mohammed orders aid flight to carry cholera kits to Bangladesh

DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has ordered an aid flight to transport much needed cholera kits from the World Health Organisation’s logistics hub in Dubai to Bangladesh to assist the country in combating an escalating cholera outbreak. Under His Highness’s directives, the International Humanitarian City (IHC) in ...

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