SQUAWK BOX, MONDAY 21ST JUNE, 2021

Squawk Box Europe Express

The Nikkei leads sharp declines across Asia after Wall Street posts its worst week since October, with markets continuing their post-Fed slump amid a more hawkish shift. Morrisons braces for a bidding war as a US private equity firm reportedly continues its pursuit of the British grocer, after the group rejects a 5 and a half billion dollar takeover attempt. Bill Ackman's SPAC buys a 10 percent stake in Vivendi's Universal Music Group for 4 billion dollars, as shareholders prepare to vote on the spin-off and listing set for September. And HSBC posts its worst day in 9 months after taking a 2 point 3 billion dollar hit on the sale of its French retail bank, as Europe's largest lender sells the troubled unit for just 1 euro.

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