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Squawk Box anchors discuss the UK Prime Minister Theresa May’s decision to seek another Brexit extension from the EU as she announces plans to reach across the aisle and hold compromise talks with Labour. Meanwhile, EU Competition Commissioner Margrethe Vestager tells CNBC exclusively that a delay to Brexit is not something to be feared. Asian stocks surge to a fresh seven-month high on hopes of a US-China trade deal. Beijing’s chief trade negotiator Liu He is due in Washington for the next round of talks. And in an exclusive interview with CNBC, the IMF’s managing director Christine Lagarde says that despite global growth slowing, a rebound is due later this year.