SQUAWK BOX, WEDNESDAY 21ST APRIL, 2021

Asian markets mirror losses Stateside. The Dow posts Wall Street’s biggest declines as virus-related pessimism overshadows strong corporate earnings. Netflix, however, is not among the positive performers. Its shares plunge in after-hours trading following faltering subscription numbers as lockdowns ease. Kering, however, tops Q1 sales expectations, spearheading the luxury sector’s revival. The French giant’s Asian performance offsets continuing weakness in Europe. And the breakaway European Super League collapses dramatically after just two days. All six English Premier League clubs withdraw from the project following a massive backlash from fans, clubs and footballing governing bodies.