Cookies

We use cookies to store, access and process personal data to give you the best online experience. By clicking Accept Cookies you consent to storing all cookies and ensure best website performance. You can modify cookie preferences or withdraw consent by clicking Cookie Settings. To find out more about cookies and purposes, read our Privacy Notice.

Cookies settings


Cookie Control

What are cookies?

Cookies are small text files that enable us, and our service provides to uniquely identify your browser or device. Cookies normally work by assigning a unique number to your device and are stored on your browser by the websites that you visit as well as third-party service providers for those website. By the term cookies other technologies as SDKs, pixels and local storage are to be considered.


If Enabled

We may recognize you as a customer which enables customized services, content and advertising, services effectiveness and device recognition for enhanced security
We may improve your experience based on your previous session
We can keep track of your preferences and personalize services
We can improve the performance of Website.


If Disabled

We won't be able to remember your previous sessions, that won't allow us to tailor the website according to your preferences
Some features might not be available and user experience reduced without cookies


Strictly necessary means that essential functions of the Website can not be provided without using them. Because these cookies are essential for the properly working and secure of Website features and services, you cannot opt-out of using these technologies. You can still block them within your browser, but it might cause the disfunction of basic website features.

  • Setting privacy preferences
  • Secure log in
  • Secure connection during the usage of services
  • Filling forms

Analytics and performance tracking technologies to analyze how you use the Website.

  • Most viewed pages
  • Interaction with content
  • Error analysis
  • Testing and Measuring various design effectivity

The Website may use third-party advertising and marketing technologies.

  • Promote our services on other platforms and websites
  • Measure the effectiveness of our campaigns

Bob Iger to Serve as Disney CEO for Two Years

Bob Iger, a former co-CEO of Walt Disney (NYSE:DIS), is unexpectedly returning to the media behemoth as CEO less than a year after his retirement. This comes as the entertainment company struggles to make its streaming TV services a successful enterprise.

Iger, who stepped down as CEO last year after 15 years in that position, has agreed to continue in that role for another two years, Disney announced in a statement late on Sunday. Bob Chapek, who became CEO of Disney in February 2020, will be replaced by him.

MACROECONOMIC DATA ANALYSIS

Thailand's economy expanded at its fastest rate in more than a year in the third quarter thanks to a rebound in tourism, higher consumption, and a surge in private investment, but the nation’s planning agency warned of impending risks to global growth. The second-largest economy in Southeast Asia grew 4.5% in the third quarter of last year, according to data released on Monday by the National Economic and Social Development Council (NESDC).

Japanese Finance Minister Shunichi Suzuki urged lawmakers to pass a second extra budget with spending of $207 billion, mostly financed by new debt issuance, on Monday, promising to steer economic and fiscal policy in a "responsible" manner. To counteract risks from the global economy and price increases brought on by a weak currency, Prime Minister Fumio Kishida's cabinet has created a spending plan worth 29 trillion yen ($207.37 billion), backed by new debt amounting to about 23 trillion yen.

CURRENCIES

The U.S. dollar steadily traded higher against major currencies on Monday morning, amid the Chinese yuan declining as sentiment was dampened by the increase in COVID cases and the tightening of regulations in some cities of the world’s second-largest economy. The Dollar Index rose by 0.37% to 107.245.

GOLD

Gold prices made little movement in Monday’s early trading sessions but remained near key support levels as markets sought more clarity on the direction of U.S. monetary policy in the coming months. While copper prices were muted as more COVID disruptions in China appeared set to depress demand. Gold prices dropped by 0.42% to $1,747 per ounce.

OIL

Oil prices dipped to close to two-month lows on early Monday, dropping by about $1 per barrel as supply worries subsided but prices were still being pressured by concerns about fuel demand from China and a strong dollar. Brent crude futures fell by 0.64% to $87.09 a barrel, while West Texas Intermediate crude slid by 0.49% to $79.72 a barrel.

INDICES

USA: S&P500 +0.48%, Dow Jones Industrial Average +0.59%, Nasdaq Composite +0.03%

Europe: FTSE 100 +0.53%, DAX +1.16%, CAC 40 +1.04%

Asia: Nikkei 225 +0.16%, Hang Seng -1.78%, CSI 300 -1.06%, Nifty 50 -0.79%

Newest

Toyota and Daimler Agree to Combine Japan Truck Operations

Daimler and Toyota announced on Tuesday that they had entered a non-binding agreement to combine the businesses of their truck units in Japan. Under the partnership’s memorandum of understanding (MOU), the businesses of Daimler-owned Mitsubishi Fuso Truck and Bus Corp and Toyota subsidiary Hino Motors would be combined under a holding company, as said in a statement.

OpenAI Has No Plans to Leave Europe

OpenAI CEO Sam Altman said on Friday that the corporation is not planning on leaving Europe and areas of the European Union, contrasting a threat made earlier in the week to exit the region if it becomes difficult to comply with stringent artificial intelligence laws. The European Union is drafting a first set of global rules to govern artificial intelligence and Altman believes that the current draft is “over-regulating”.

Risk Warning: Trading in leverage products carries a high level of risk and may not be suitable for all investors. Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained on this website are provided as general market commentary and does not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services.

Legal: GULF BROKERS DMCC is a limited liability company incorporated and licensed under the laws of the Dubai Multi Commodities Centre (“DMCC”)to carry out certain categories of financial investment business as permitted under Licence No. DMCC- 30636, broker member of the Dubai Gold & Commodities Exchange (“DGCX”) under Member No 554 and regulated broker by the Securities & Commodities Authority (“SCA”) Licence No. 607110.

GULF BROKERS DMCC does not offer its services to the residents of certain jurisdictions such as: Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao Peoples Democratic Republic, Syria, Uganda, Vanuatu, Yemen and EU residents.

Manage Cookies

© 2017 - 2023 GULF BROKERS