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US indices finished yesterday's slightly lower, following a downbeat European session. S&P 500 dropped 0.43%, Dow Jones moved 0.34% lower and Nasdaq declined 0.95%. Russell 2000 dropped 0.23%
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Stocks in Asia traded mostly lower with Nikkei dropped 2%, S&P/ASX 200 moving 0.9% lower and Kospi finishing more or less flat. Indices from China traded mixed
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DAX futures point to a flat opening of the European cash trading session today
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Russia allowed Ukraine to send a repair team to Chernobyl nuclear power plant in order to repair damaged power supply
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Media reported about Russian air strikes on locations in western Ukraine, possibly targeting supply lines
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The United Nations Security Council will convene today to discuss Russia's claims of US chemical weapons in Ukraine. US says the move fits into narrative that Russia is preparing a false flag operation involving such weapons
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Biden is expected to call for the end of Russia's preferential trade status during his speech today (3:15 pm GMT)
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Japan announced that it will freeze assets of 3 Belarusian banks, beginning from April
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Canada is studying whether it can boost utilization of its oil pipelines to the US
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London Metal Exchange announced that nickel trading will not be resumed today
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Japanese household spending increased 6.9% YoY in January (exp. 3.6% YoY)
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Oil trades slightly higher on the day. Brent trades slightly below $111 per barrel while WTI trades slightly above $107 per barrel
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Precious metals pull back. Palladium is an exception as it gains around 1%
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EUR and GBP are the best performing major currencies while JPY and NZD lag the most
Brent (OIL) dropped around 20% off its recent highs as we could observe unwinding of some risk trades in recent days. Pullback was halted by the support zone marked with 38.2% retracement of a recent upward impulse in the $104 per barrel area. Source: xStation5
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