Your Axle
ummm power steering
ball joints or tie rods
The wheel may be bent. Take the vehicle to a trusted tire shop and have them remove and test the wheel to see if it is bent. The squeaking noise sounds like the brake pads are worn out. You need to have this looked into for the safety of you and your family.
cos its a renault
Without seeing it , I will tell you that most of the time wheel noise that happens when you turn the wheel is due to a CV axle that is failing. Test is this way: go into a large vacant parking lot and turn the wheels to the right and go in reverse; is the noise worse? It may be if the joint is bad.Usually a wheel bearing will make a low growling noise; but you called it a squealing noise. I hope this helps a little.
squeaking noise coming from sleeve covered arm coming from steering column to the wheel
A bad bearing can cause can the front end of car to make a squeaking noise when turning steering wheel either direction. It can also be caused by bad suspension.
Power steering belt.
Most likely it is low power steering fluid. Check fluid and see if noise goes away.
try checking fluid level
It is most likely due to a loose power steering belt. If the steering wheel is hard to turn at speeds slower than 40mph or it gets harder the more you turn it and the squeaking noise happens when you turn the wheel, then you need to check the tension on the power steering belt.
There can be two possibilities. The first is your wheel bearing going bad. The second could be the drive axle wearing out.