The Nasdaq reverses a two-day losing streak as the U.S. Treasury says it will review the proposal for a tech tie-up between Oracle and TikTok. Chinese recovery improves with retail sales rising for the first time in 2020 and industrial production topping forecasts. UBS Chairman Axel Weber is reportedly drawing up a mega-merger plan with rival Credit Suisse to create a wealth management and investment giant. In auto news, FCA and PSA have revised the terms of their tie-up due to virus-related pressures. This will see the special dividend reduced and a planned spin-off delayed.  

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