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

Instagram Server Outage Affected Thousands of Users

After a global server outage which affected tens of thousands of users, Instagram resolved a techincal issue which according to the social media company, “caused some people to have trouble accessing Instagram.” Outage website downtetector.com showed over 100,000 incidents in the United States, more than 20,000 in Canada and above 56,000 in Britain.

MACROECONOMIC DATA ANALYSIS

Customs data from China unveiled that the Asian nation’s exports to North Korea surged in April when compared to year-on-year figures, noting wigs and fertilizers among major shipments. Chinese exports to North Korea propelled 69% in April from the same time last year to $166 million. Hair and wool used for wigs were worth around $11.6 million, and diammonium hydrogen phosphate exports quantified to $8.84 million.

Leaders of the Group of Seven forum which consists of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, have agreed to a fresh initiative towards countering economic coercion, while also pledged action to any actors attempting to weaponize economic dependence would face dire consequences. The initiative by the name of Coordination Platform on Economic Coercion, will utilize early warning and quick information sharing on economic coercion with members.

CURRENCIES

The U.S. dollar edged slightly lower to start the business week alongside major Asian currencies, with all eyes on the U.S. debt ceiling situation amid Federal Reserve chairman Jerome Powell presenting a less hawkish out look than projected. The dollar index, which tracks the greenback against other major currencies, inched 0.12% lower to 102.957.

GOLD

Gold prices weakened on Monday morning despite the dollar greenback also losing strength which typically boosts demand for the precious metal. Investors are traders are pessimistically-awaiting more cues from the Federal Reserve regarding future interest rate hikes. Gold futures edged 0.16% lower to $1,978 per ounce.

OIL

Oil prices plummeted on Monday morning, starting the week on a bleak note as market participants are growing more cautious and pessimistic over market conditions amid the U.S. debt ceiling talks and further interest rate hikes. Brent futures fell 0.99% to $74.83 a barrel while WTI futures were hammered by 1.09% to $70.94 per barrel.

INDICES

USA: S&P500 -0.14%, Dow Jones Industrial Average -0.33%, Nasdaq Composite -0.22%

Europe: FTSE 100 +0.19%, DAX +0.69% CAC 40 +0.61%

Asia: Nikkei 225 +0.90%, Hang Seng +1.60%, CSI 300 +0.63%, Nifty 50 +0.53%

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