Equities at Crossroads | BDSwiss Market Moves on MT4

-OpenAI Lawsuit The tech company, OpenAI, responded to the lawsuit initiated by Elon Musk. In his lawsuit, Elon Musk stated that the company has changed from being an open-source artificial intelligence startup to being liable to its biggest investor Microsoft. The response of AI was clear. After Elon tried to purchase the company under the helm of Tesla, which did not work out, he would now try to fight against the competitor. Meanwhile, share prices of tech companies like Nvidia continue to rise amid stock markets remain shaky. -UK Taxes Jeremy Hunt, Chancellor of the Exchequer, is planning to impose further personal tax cuts. Being in discussion on his annual budget this will take centre stage. Conservative demands before elections might be needed to secure enough voters. According to sources close to the situation, in particular, he plans to reduce the national insurance payroll tax by 2% -Big Tech Crackdown? The European Union is planning to impose new rules for big technology companies. Smaller competitors should also be able to get their hands on the market according to the plans. In a few days the “Digital Markets Act” will come into effect and operating systems should also give smaller app stores the chance of a fair market share. -Market Talk In the US, the Super Tuesday has been dominated by Biden and Trump. Recent results from the polls show that voters have not been confident about the upcoming election. The election will take place on the 5th of November and traditionally election years have seen equity markets being rather shaky. The current correction in the stock market might be a preview, yet investors seem to start pouring into markets again after the two-day correction. The Dollar remains weak and this might have a positive impact on equities. Also, cryptos have started to resume their upside after yesterday’s volatile trading session. yesterday. Check the UPCOMING WEBINARS here: • Download the BDSwiss iOS app: • Download the BDSwiss Android app: • Join our Telegram Channel: • Like us on Facebook: • Follow us on Twitter: • Follow us on LinkedIn: • Follow us on Instagram: • Subscribe to our Channel: Your capital is at risk. T&Cs apply.