SQUAWK BOX, FRIDAY 21ST MAY, 2021

Wall Street snaps a three-day losing streak as big tech bounces back, while initial jobless claims hit a fresh pandemic-era low. The outlook is slightly less upbeat for crypto holders. The US Treasury looks to tighten regulation of digital currencies by forcing trades over 10 thousand dollars to be reported to the IRS. But milk alternatives get a boost as Oatly shares soar 19-percent on its stock market debut, after pricing its Nasdaq listing at the top of the range. In Europe, BMW expects a billion dollar boost to second quarter earnings as it's dealt a milder antitrust fine than expected, for alleged collusion with rivals on emissions. And, we are in the first day of an Egypt-brokered ceasefire between Israel and Hamas - bringing an end to 11 days of fighting that has claimed the lives of more than 240 people.