Economic calendar: Oil traders remain focused on Suez

• European markets seen opening flat

• Ship stuck in the Suez Canal refloated, oil pulls back

• US hedge fund liquidation is adding to risk-off moods

A somewhat cautious tone can be spotted on the global markets at the beginning of a new week with European stock markets expected to open more or less flat. On one hand, a ship stuck in the Suez Canal has been refloated and the waterway may be cleared today, ending disruptions for global trade. On the other hand, Archegos Capital fund has been liquidated and investors seem to be a bit scared about potential spillover effects. Nomura, a major Japanese financial holding, said that its prime brokerage unit may face losses of over $2 billion. Economic calendar is empty and two aforementioned cases may be the main drivers of today's moves on the markets. However, there are some interesting releases and events scheduled for the later part of the week, including OPEC meeting and NFP release

Key events of the week

Tuesday, March 30

• 3:00 pm GMT - Conference Board consumer confidence for March

Wednesday, March 31

• 10:00 am GMT - Flash CPI inflation from euro area for March

• 1:15 pm GMT - ADP employment report for March

• 3:30 pm GMT - DOE report

Thursday, April 1

• 3:00 pm GMT ISM manufacturing for March

• OPEC meeting

Friday, April 2

• 1:30 pm GMT - NFP report for March