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Stocks in Asia are trading lower at the beginning of a new week amid increase in risk aversion. Nikkei dropped almost 0.5%, Kospi moved 0.9% lower and indices from China plunged. S&P/ASX 200 added 0.4%
DAX futures point to a higher opening of the European session
Oil rallies with Brent jumping above $70 per barrel. Saudi export port and production facilities have been targeted by a drone and missile attack over the weekend with Iran-backed Houthi being named as the aggressor. Saudi Arabia said that there were no injuries or major property damage
US Senate passed $1.9 trillion stimulus deal. However, some amendments were added and now the bill will head back to the House (vote expected on Tuesday)
Fed interest rate hike is fully priced in for December 2022
According to New York Times, United States plans to retaliate against Russian hackers by targeting networks used by Russian intelligence and military
Chinese imports increased 22.2% YoY in February (exp. 15% YoY) while exports rose 60.6% YoY (exp. 37.5% YoY)
Bitcoin recovered and tested the $51,500 mark over the weekend. However, coin was unable to break above it and price pulled back below $50,000
Precious metals gain with silver being top performer and platinum being top laggard. Industrial metals trade lower while agricultural commodities gain
AUD and USD are the best performing major currencies while CHF, EUR and NZD lag the most
Oil launched a new week with a big bullish price gap following attacks on Saudi oil facilities. Brent (OIL) opened above $70 per barrel and reached the highest level since May 2019. Major resistance zone ranges between $70 mark and 78.6% retracement of the downward move started in October 2018 ($72).