SQUAWK BOX, FRIDAY 22ND OCTOBER, 2021

Squawk Box Europe Express

The S&P 500 closes at a record high – the seventh consecutive day in the green – boosted by Tesla’s performance. However, IBM shares close nearly 10 per cent lower, pushing the Dow to close lower on the day. In China, property giant Evergrande has reportedly paid a key interest payment, bumping shares higher and raising hopes in the sector that the company can avoid a default. European corporates continue their latest earning disclosures. L’Oréal reports higher Q3 performance on strong demand for luxury beauty products. On Wall St., Snap shares are down by more than 20 per cent with the social media site blaming Apple’s recent privacy changes for disrupting its advertising business. And EU leaders meet in Brussels where many criticise Poland over its stance on EU law, but Polish Prime Minister Mateusz Morawiecki says Warsaw will not accept ‘blackmail’ from the bloc.

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