Baode Computing said it won two China Mobile centralized procurement contracts totalling over RMB1.7 bln. It secured the largest share (two bid packages) of China Mobile’s 2026–2028 component-refresh server procurement, worth more than RMB1.4 bln, and won bid package 1 of the China Mobile Intelligent Computing Center (Hohhot) 2026 expansion and 2026–2027 AI super-node supplementary procurement, worth nearly RMB300 mln. Listed company Huibo Yuntong (301316) is advancing a major-asset restructurin

Europe joined a global bond sell-off on Tuesday, lifting euro-area government yields ahead of key inflation data. The German 10-year Bund yield rose just over 1bp to 3.34%, a 15-year high after a 5bp gain on Monday. The 30-year Bund climbed about 2bp to 3.83%, its highest since 2011. Yields also jumped in Tokyo, Sydney, New York and London as the Iran conflict pushed up global energy costs, threatening broader inflation and prompting further central bank tightening. Heavy issuance pressure — from high sovereign debt levels and major tech firms raising cash for AI — is competing with government bonds for investor funds.

TD Securities global commodities strategist Melek said traders reduced crude net positions this week amid persistent uncertainty over the next phase of the Iran conflict. Melek still expects oil prices to continue rising, saying there is no sign shipping through the Strait of Hormuz will return to normal in the near term.