EU Commission finds that Apple (AAPL) ads and Apple maps should not be designated under the Digital Markets Act
The EU Commission's decision not to classify Apple’s ads and maps under the Digital Markets Act is significant as it may reduce regulatory scrutiny on these segments of Apple's business.
EU Retail Sales MoM (Dec) M/M -0.5% vs. Exp. -0.2% (Prev. 0.1%, Rev. From 0.2%, Low. -0.4%, High. 0.2%)
Nio (NIO / 9866 HK) Q4 Prelim (USD): Adj. Profit 100-172mln (prev. -798.3mln Y/Y); profit alert
EU Commission finds that Apple (AAPL) ads and Apple maps should not be designated under the Digital Markets Act
Evonik (EVK GY) FY (EUR) Sales 14.1bln (exp. 14bln), Adj. EBITDA 1.87bln (exp. 1.87bln). FY Outlook: Adj. EBITDA 1.7-2bln (exp. 1.84bln)
[MARKET UPDATE] DXY continues grinding higher after topping resistance around the 97.70-97.75 area, with current session high at 97.89; clean air seen until the next resistance at 98.48 (23rd Jan high)
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This move could bolster investor sentiment around AAPL by removing a potential headwind and allowing more flexibility in their advertising strategies. However, ongoing regulatory developments should still be monitored closely as they may impact broader tech valuations.
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