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Stocks in Asia launched a new week in mixed moods. S&P/ASX 200 and Kospi gained, Nikkei traded flat and indices from China traded mixed
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DAX futures point to a slightly higher opening of the European cash session today
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Uncertainty related to Evergrande remains after the Chinese developer failed to make a $83.5 million coupon payment last week. Shares of Evergrande's electric vehicle unit traded 20% lower after unit said it dropped plans for Shanghai listing
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According to Japanese media, Japan may lift all states of emergency this week
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SPD won German elections with a 25.7% support. CDU/CSU came in second with 24.1% support. Greens and Free Democrats won 14.8% and 11.5% seats and are likely to be kingmakers in coalition talks
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While German coalition talks may take weeks to conclude, Olaf Scholz, leader of SPD, is most likely to be the next German Chancellor
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Goldman Sachs expects Brent price to hit $90 per barrel by year-end, up from previous forecast of $80
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Precious metals are traded higher, along with oil and agricultural goods. Industrial metals traded lower
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AUD and CAD are the best performing major currencies while CHF and EUR lag the most
SPD won the German elections but a three-party coalition will be needed to rule. Source: Guardian
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