SQUAWK BOX, MONDAY 5TH JULY, 2021
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The UAE rebels against an Opec+ supply agreement. We hear from the country’s energy minister Suhail Al Mazrouei who says the current deal on the table “is not good for us.”. Markets in Asia are mixed despite Friday’s strong U.S. jobs data, while PMI numbers reveal a slowdown in Chinese services activity. Beijing suspends ride-hailing app Didi Chuxing over privacy concerns just 4 days after the company lists on the NYSE. In retail news, UK supermarket chain Morrisons agrees to a £6.3bn takeover by Fortress Investment Group.
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