BofA weekly flow report notes investors buy the dip in stocks and bonds amid energy price surge

Chinese media, SCMP, writes that the White Houses' Section 301 investigations may be less dramatic than war, but they risk retaliation and trade breakdowns

SinoChem (600500 CH) reportedly cut throughput at its 300k BPD Quanzhou refinery to ~60%, sources say; also reduces operations at steam cracker to ~60%; seeking prompt delivery crude oil, including Russian oil under waver, to cover the supply gap

BofA weekly flow report notes investors buy the dip in stocks and bonds amid energy price surge

European Movers: Unilever (ULVR LN) +1.1%, Lufthansa (LHA GY) +1.0%, Novartis (NOVN SW) +0.5%, BAE Systems (BA/ LN) -0.6%, Smiths Group (SMIN LN) -3.5%

EUROPEAN OPEN: ULVR LN confirms foods offer, explores MKC all-stock tie-up; NOVN SW agrees USD 3bln Synnovation deal; FDX rises after beat and raise; BP/ LN sees no Whiting impact, open to union talks; RIO LN shuts Amrun and Andoom mines after cyclone