Corporate results:
- Philips: Annual results are higher than expected. The group will cut 6000 more jobs.
- Ryanair: Q3 fiscal revenue comes in at €2.31bn.
In other news:
- Toyota Motor sold 10.5 million vehicles in 2022, keeping its title as the world's number one automaker.
- Volkswagen expects to reap the benefits of its heavy investments from 2026.
- Unilever appoints Hein Schumacher as CEO.
- Eni signs an $8 billion gas deal in Libya.
- Baidu plans to launch an artificial intelligence similar to ChatGPT by March in China.
- Deka calls for the swift replacement of Bayer CEO Werner Baumann.
- Elon Musk is under investigation by the SEC for his role in reporting on Tesla's self-driving capabilities.
- The Italian Treasury has signed a letter of intent with Lufthansa to sell a minority stake in state-owned ITA Airways (formerly Alitalia).
- Rheinmetall wants to increase its arms production.
- Adani Enterprises calls Hindenburg's bearish study a premeditated stock fraud.
- The bankrupt Flybe airline ceases operations and cancels all its flights.
- Wall Street-listed Chinese companies Alibaba, Bilibili, Pinduoduo and JD.Com were down 4 percent to 7.5 percent in premarket trading after Mike McCaul, the new chairman of the U.S. House of Representatives' Foreign Affairs Committee, said Sunday that the risks of a conflict with China over Taiwan are "very high".
- Goldman Sachs Group has restructured its assets in Russia, which could pave the way for a full exit from the country, RBC reported Monday, citing two investment market sources.
- Biogen and Eisai announced in a joint statement that the Japanese Ministry of Health has granted priority review status to the two companies' Alzheimer's disease treatment lecanemab.
- Boeing - The U.S. aircraft manufacturer will deliver on Tuesday to Atlas Air the last Boeing 747, a twin-aisle aircraft designed in the late 1960s to meet the demand for mass travel and which will be discontinued.
Today's main earnings reports: Unicredit, Sumitomo Mitsui, NXP Semiconductors, Canon, Philips, Galp Energia, Computacenter, Interroll... All the agenda here.