SQUAWK BOX, WEDNESDAY 20TH OCTOBER, 2021

U.S. indices are firmly in the green with the S&P 500 posting a fifth consecutive day of gains, boosted by positive Q3 earnings. Asian equities have followed suit. Netflix announces that Squid Games has become its biggest TV show ever, pushing the streaming giant’s latest earnings ahead of forecasts. Meanwhile, the first ever Bitcoin futures ETF gains on its first day of trading, pushing the cryptocurrency towards its all-time high. In luxury news, however, Gucci posts a miss as new Covid outbreaks in Asia outbreaks hamper sales, but parent company Kering Group sees like-for-like sales jump by 12 per cent to beat expectations.