SQUAWK BOX, FRIDAY 5TH MARCH, 2021

The Nasdaq turns negative for 2021 as tech stocks continue to weigh on the back of Federal Reserve Chairman Jerome Powell’s failure to address the recent surge in bond yields and investors’ inflation jitters. OPEC+ leaders have agreed to maintain supply cuts until April amid ongoing demand uncertainty, nudging prices upwards. China cools down recovery expectations, outlining a growth target of more than 6 per cent this year as the annual NPC convenes. And Italy blocks exports of AstraZeneca doses to Australia as the EU attempts to scale up its stuttering vaccine rollout.