Beating expectations…Chinese factories rebound in March according to official PMI data. In energy news, oil prices have rallied from 18-year lows after Russia and the U.S. agree to hold talks as Saudi Arabia boosts production. U.S. tech stocks lead a Wall Street surge on Monday with Microsoft seeing sharp increased demand for its cloud services. And in banking news, Credit Suisse has announced it may cut bonuses this year but will still maintain its dividend, going against decisions by other European lenders to halt payouts until October.

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