SQUAWK BOX, FRIDAY 9TH JUNE, 2023

China’s post-Covid recovery stutters as factory prices nosedive at their fastest pace in seven years. Risk of deflation prompt calls for more government stimulus. The S&P 500 is up by 20 per cent since its low in October, sparking talk of a potential new bull market. Crypto exchange Binance suspends all U.S. dollar deposits in the wake of its SEC lawsuit. SEC chair Gary Gensler has slammed the crypto sector calling it rife with ‘hucksters’ and ‘fraudsters’. Meanwhile in Washington, President Biden hosts UK Prime Minister Rishi Sunak where the pair announced an ‘Atlantic Declaration’ which pledges to strengthen ties on clean energy and A.I. The deal, however, falls far short of an FTA between the two nations. And former U.S. President Donald Trump has been indicted on seven criminal charges in Miami over alleged mishandling of classified documents.