DUBAI

U.S. stock index futures rose on Tuesday as concerns about Dubai's debt problems eased and investors awaited a host of economic data, including pending home sales.

U.S. stock index futures rose on Tuesday as concerns about Dubai's debt problems eased and investors awaited a host of economic data, including pending home sales.

The Bank of Japan offered banks more short-term funds after an emergency meeting on Tuesday, relieving government pressure on the central bank to help avert another recession before upper house polls next year.

Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt, while the rulers of Abu Dhabi and Dubai talked up their economic strength

Debt in Dubai and the interplay of politics and IMF deals in Ukraine, Romania and Latvia provide the main political risks to regional emerging markets in December, while in Nigeria presidential health will be in focus.

The Bank of Japan offered banks more short-term funds after an emergency meeting on Tuesday, winning an immediate reprieve from government pressure to help avert recession before upper house polls next year.

Worries about Dubai's debt slipped away on financial markets on Tuesday, allowing stocks to put in solid gains and weakening low-yield assets such as the dollar.

U.S. stock index futures pointed to a higher open for equities, with investors waiting for a slew of economic data, including U.S. ISM figures for November and pending home sales numbers.

The yen tumbled on Tuesday after the Bank of Japan called an emergency policy review to discuss ways to boost the ailing economy, but it regained some ground after the meeting when the central bank did not go as far as some investors had expected.

Oil climbed toward $78 a barrel on Tuesday, adding to the previous session's advance, as concern eased that Dubai's debt problems would set back the global economic recovery.

Gulf markets tumbled again on Tuesday, taking no comfort from Dubai World's plan to restructure about $26 billion of its estimated $59 billion in liabilities, which appeared to calm global fears of contagion.

Oil steadied at above $77 a barrel on Tuesday, after a rebound of 1.6 percent in the previous session, as Dubai debt default fears eased and investors cast about for fresh clues to the pace of global economic recovery.

Efforts by Dubai World to restructure about $26 billion in debt out of the estimated $59 billion it owes reassured investors that the emirate's debt problems can be contained, helping global markets edge higher on Tuesday.

The dollar fell broadly on Monday after a pledge to support Dubai's banks eased investors' concerns about the Arab emirate's debt problems, wiping out a safety bid for the greenback and driving it down against a currency basket for a fifth straight month.

The Dubai government said on Monday it was not responsible for the debts of Dubai World, dealing a blow to creditors' assumptions that the Arab emirate would guarantee the conglomerate's liabilities.

U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.

U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.

U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.

Oil prices rose slightly on Monday as the weak dollar provided support, outweighing concerns over debt-laden Dubai and its impact on the global economy.

U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.

Oil prices steadied at $76 a barrel on Monday, shedding most of the session's early gains, as worries about Dubai's debt crisis and its impact on the world economic recovery returned to haunt investors.