Lucid Stock Dropped After SEC Subpoena
The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
Risk-on mood prevailed as fears around the severity of the omicron variant subside, helping the pair higher, after two loosing weeks
The Reserve Bank of Australia kept rates and asset purchases unchanged, with the pair reacting higher, amidst improved market sentiment
The Index started the day on the front foot, as broader market sentiment seem to be in a good place, but poor factory orders from Germany weigh
USA and Canada, both released their employment figures on Friday and despite stark contrast between the two reports and the ensuing volatility, the pair’s outlook is little changed
The pair trades on the back foot after last week’s two-way action, in the aftermath of Fed’s hawkish commentary and poor US NFPs
This has been volatile week, which ended with solid NFPs from the US, while Omicron developments, renewed hawkish commentary from the Fed, OPEC+ and corporate activity were in the spotlight
This week we saw M&A news, with Australian firms in the spotlight, while Didi’s delisting announcement, Nvidia and Facebook regulatory scrutiny, were some of the themes that also stood out.
The US Federal Trade Commission (FTC) sued on Thursday, to block Nvidia Corp.’s $40 billion acquisition of U.K. chip designer Arm Ltd
OPEC and allies decided not to diverge from their production plan and agreed yesterday to add 400K barrels/day on January, as they have been doing since August
The pair stays on the back foot as investors continue to monitor Omicron developments and await key US Jobs report later in the day
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