SQUAWK BOX, WEDNESDAY 5TH OCTOBER, 2022

Opec+ members are reportedly considering a 2m bpd output cut ahead of its first in-person meeting in more than 2 years. Softer economic data inspires hopes of less drastic Fed tightening moves, which helps the S&P 500 log its best two-day gain in more than two years. Elon Musk agrees to purchase Twitter for the original $44bn sale price and will likely avoid the deal being dragged through the courts. And in corporate news, HSBC shares hit a 20-month high after reports the bank is set to offload its Canadian unit. And UK PM faces a further division from within her cabinet and party after refusing benefits increases in line with inflation.