SQUAWK BOX, TUESDAY 12TH JULY, 2022

Asian equities hit their lowest levels in two years following tech weakness on Wall Street ahead of key inflation data and the start of earnings season. Increased recession fears in Europe pushes the euro close to parity with the dollar which is strengthened by further expected rate hikes by the Fed. In corporate news, Twitter is preparing to file a lawsuit against Elon Musk after the billionaire dropped his $44bn takeover bid. Eurogroup finance ministers meet in Brussels with gas prices top of the agenda. This as the Nord Stream 1 pipeline shuts down for scheduled maintenance.