SQUAWK BOX, TUESDAY 30TH JUNE, 2020

Stocks look set to close the month firmly in the green, with the Dow Jones on pace to post its best quarter in more than two decades, while the Nasdaq sees its strongest quarter since 2001. Asian markets build on Wall Street’s gains on the back of encouraging PMI data out of China, which sees factory activity expand in June and improving trends in export orders. China passes the Hong Kong security bill in a move that has drawn international condemnation for imposing influence on the territory, but CEO Carrie Lam says "sanctioning doesn't scare us". Most of America's largest banks complete the stress tests with their dividend plans intact but Wells Fargo doesn't fare so well, saying it will have to cut its payouts.