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Stocks in Asia are trading mixed at the beginning of a new week. Nikkei gains 0.5%, S&P/ASX 200 drops 0.3%, Kospi trades 0.2% lower and indices from China gain
DAX futures point to a flat opening of the European cash session
Oil trades lower after a massive container ship stuck in the Suez Canal was refloated. However, the waterway still remains blocked
US Trade Representative Tai said that US is not ready to remove China tariffs
A major explosion occurred at an oil refinery in Indonesia (Balongan, West Java). It is believed to be a terrorist attack as some terrorist-related bombings have occurred in the country recently
Chinese industrial profits were 179% YoY higher in the January-February 2021 period. However, profits were just 72.1% higher compared to January-February 2019.
Brisbane, a city in Australia, has been put into a 3-day lockdown after a small coronavirus outbreak has been reported in the city
Liquidation of Archegos Capital hedge fund is said to be the driver behind wild moves on some US stocks last Friday. Fund has reportedly been forced out of a position worth $80 billion. Nomura said that its prime brokerage unit may face losses of over $2 billion amid Archegos downfall
Bitcoin trades slightly below $55,000
Oil, industrial metals and precious metals trade lower
USD and JPY are the best performing major currencies while CAD and NZD lag the most
Brent (OIL) is pulling back after a test of the 200-hour moving average in the $64.50 area. Downward move was triggered by reports saying that a ship stuck in the Suez Canal has been refloated. Waterway remains stuck but may be cleared later today. Near-term support for OIL can be found at $62.50.