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US futures climb as global bonds rally before auctions

Bloomberg US stock futures climbed on Tuesday, while government bonds across the globe rallied before US debt auctions that have the potential to spark volatility. The dollar falls. Contracts on the tech-heavy Nasdaq 100 climbed 1.8%, signalling a rebound after an overnight slump in technology stocks amid a rotation to value. European shares opened modestly lower, dragged down by miners. ...

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China state funds buy stocks to stem worsening rout

Bloomberg The bearish mood prevailing in China’s stock market is proving a match even for state-backed funds, and casting a cloud over the Communist Party’s biggest annual political event. The CSI 300 Index closed about 2.2% lower despite evidence that state-backed funds had intervened to shore up the market in morning trading. The news earlier helped the gauge erase losses ...

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UAE denounces Houthi attempt to target Saudi Arabia’s oil sites

ABU DHABI / WAM The UAE has strongly denounced the Iranian-backed terrorist Houthi militias for attempting to target one of the petroleum tank farms at the Ras Tanura Port in the Eastern Region and Saudi Aramco’s facilities in Dhahran with a drone and ballistic missile, which were intercepted by the Coalition Forces. In a statement by Ministry of Foreign Affairs ...

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