Corporate results:

  • Micron expects the Chinese ban to have an impact on its sales.
  • Qantas expects record annual profit and increases its share buybacks.
  • Zoom Video raised its annual revenue forecast.

In other news:

  • Meta Platforms was fined EUR 1.2 billion by the European Commission for transferring user data from the EU to the US.
  • Patrick Drahi increased his stake in BT Group to 24.5%, but says he will not make a full takeover bid.
  • The Swiss Derivatives Committee said no credit event had occurred involving Credit Suisse, which could have triggered the CDS insurance payout that some investors are demanding.
  • 1 and Sky (Comcast) are reviving talks on a TV tie-up in Germany, Reuters reported.
  • Aareal Bank 's acquirer gets regulatory approvals.
  • Zara owner Inditex has started the year "full steam ahead," CEO Oscar Garcia Maceiras told Expansion newspaper.
  • Elliott is calling for an investigation into a loan made by Deutsche Wohnen to its largest shareholder Vonovia, documents filed ahead of Deutsche Wohnen's general meeting show.
  • Tegna is backing away from the $8.6 billion merger with Standard General for regulatory reasons.
  • Stephanie Pullings Hart will succeed Magdi Batato as Nestlé 's COO in 2024.
  • Applied Materials is to invest up to $4 billion in the US.
  • Swiss Re will leave Net-Zero Insurance alliance
  • Novo Nordisk announced that the Phase IIIa trial of once-daily oral semaglutide 50 milligrams met its primary endpoint.
  • Today's top publications: Intuit, Lowe's, Palo Alto, Autozone, Agilent, Adevinta, VF Corporation... The full earnings calendar is here.