SQUAWK BOX, MONDAY 5TH DECEMBER, 2022

Shares in Greater China jump as cities across the mainland continue to ease Covid restrictions, raising hopes Beijing will soon end its zero-covid policy. Russia pledges to fight a G7-imposed price cap on its oil, set to come into force today, while OPEC and its allies agree to hold output steady amid weakening global demand. Wall Street posts back-to-back weekly gains for the first time since October, while November's non-farm payrolls report blows past expectations despite the Fed's attempts at clamping down inflation. And S&P Global slashes France's outlook to negative, citing rising budgetary risks as the country's debt pile grows amid ongoing support measures against inflation, and spiking energy costs.