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

Grocery Shortage in USA Deepens Amid COVID-19

As the COVID-19 pandemic deepens, the grocery shortage in the United States worsens as demand continues to surge amid escalating freight & delivery costs, and labor shortages caused by the spread of the Omicron variant of the coronavirus. As a result, shelves of major supermarkets & retailers in the U.S. remain empty of essentials such as fresh & processed foods.

MACROECONOMIC DATA ANALYSIS

The central bank of China announced that it shall lower its interest rates for loans to some financial institutions, by 10 basis points to a rate of 2.85%. The initiative from the People’s Bank of China (PBOC) among other activities were the key drivers for China’s rebound from the 2021 pandemic-fueled downturn of the Asian nation.

Japan’s Finance Minister Shunichi Suzuki said that Japan will issue government bonds (JGBs) in the next year worth 215 trillion yen, which is around $1.89 trillion. The move is an initiative to bolster the economy, after it saw bonds worth $1.96 trillion issued this year due to the nation’s stimulus efforts in battling COVID-19.

CURRENCIES

The U.S. dollar remained solid amid higher U.S. Treasury yields and collective expectations that the Federal Reserve will hike interest rates as early as March, and China slashing borrowing costs in efforts to aid its COVID-struck economy. The dollar index, compared to a basket of six other currencies, inched 0.03% higher to 95.185.

GOLD

Gold futures edge higher, driven by higher U.S. Treasury yields amid the Federal Reserve’s hawkish signals regarding interest rate and policy tightening. Despite a solid dollar greenback, which typically weighs down on the safe haven as their price movements are inversed, the bullion edged 0.18% higher to $1,819 per ounce.

OIL

Crude oil prices continue to trade higher as investors believe that oil supply will remain constricted as major producing economies are not producing as per capacity due to the spread of the Omicron variant of the coronavirus. Brent futures jumped 0.33% to $86.34 a barrel, while WTI oil escalated 0.44% to $83.67 per barrel.

INDICES

USA: S&P500 +0.08%, Dow Jones Industrial Average -0.56%, Nasdaq Composite +0.75%

Europe: FTSE 100 -0.28%, DAX -0.93%, CAC 40 -0.81%

Asia: Nikkei 225 +0.74%, Hang Seng -0.68%, CSI 300 +0.93%, Nifty 50 +0.20%

Newest

Social Media Stocks Plunge, Snapchat Collapses

Shares of social media stocks, including Meta & Twitter plunged, the Snapchat stock collapsed by more than 40% on Tuesday’s trading session. The Snapchat parent of the popular social media platform has warned that it expects to miss profit & revenue estimates due to macroeconomic deterioration.

As a result, the company's market capitalization has plummeted to $20.92 billion, almost three-fold away from its highest levels of the year; nearly $82 billion in early February. The Snapchat stock (NYSE: SNAP) fell sharply from $22.49 to $12.79 on Tuesday, down from its debut price of $17 in 2017.

Samsung to Invest $356 Billion over Five Years in Strategic Sectors

Samsung Electronics announced shall invest 450 trillion won ($356 billion) over the next five years to bolster growth in semiconductors, biopharmaceuticals, and other next-generation technologies.

Samsung stated on Tuesday that the investments will aid the firm in achieving long-term growth in pivotal spectrums like the chip industry, while also promising aggressive expenditures in the biopharmaceutical industry to make it as successful as its chip segment.

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 - 2022 GULF BROKERS