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

Meta To Cut 10,000 Jobs in Second Round of Layoffs

Meta Platforms, the parent company of Facebook, announced on Tuesday that it would eliminate 10,000 jobs this year, becoming the first Big Tech company to do so as the sector braces for a severe economic downturn.

The news caused the price of Meta to increase by 6%. The much-awaited job cuts are part of a reorganization that will also see the company kill off lower priority projects, "flatten" middle management layers and abandon hiring plans for 5,000 openings.


Ankur Banerjee previews the day's trading in the European and international markets. In an effort to boost the world's sixth-largest economy, British Finance Minister Jeremy Hunt will put the market's relief rally to the test when he delivers the UK spring budget. Business lobbies are clamoring for sweeteners. Hunt is due to speak at 1230 GMT and is expected to stay away from big tax cuts or spending increases.

China's central bank announced on Wednesday that it would increase financing support for private micro and small businesses as the nation seeks to build on its recovery from COVID-19 disruptions while contending with weaker demand abroad and a domestic property downturn. The People's Bank of China (PBOC), the nation's central bank, announced in a statement following a work meeting that it will support private companies' reasonable bond financing needs.


The US dollar remained at a nearly one-month low on Wednesday as consumer inflation eased as anticipated, while most Asian currencies traded in a flat-to-low range as data indicated a somewhat uneven recovery in the Chinese economy. The US dollar index, which compares the greenback to a basket of six major currencies, rose by 0.09% to 103.308.


Gold prices fell slightly on Wednesday after falling from a six-week high the previous session, as a mixed reading on US inflation fueled some uncertainty about the Federal Reserve's stance on monetary policy, while fears of a banking crisis in the country remained. Gold futures fell by 0.32% to $1,904 per ounce.


Oil prices rose more than 1% on Wednesday, after falling the day before as OPEC's improved assessment of Chinese demand helped counteract gloomy investor sentiment worldwide following the recent failures of U.S. banks. Brent crude futures increased by 1.15% to $78.34 a barrel, while the West Texas Intermediate rose by 1.26% to $72.21 a barrel.


USA: S&P500 +1.65%, Dow Jones Industrial Average +1.06%, Nasdaq Composite +2.32%

Europe: FTSE 100 +1.17%, DAX +1.83%, CAC 40 +1.86%

Asia: Nikkei 225 -0.03%, Hang Seng +1.50%, CSI 300 +0.25%, Nifty 50 +0.58%


Moderna May Charge $130 for its COVID Vaccine in USA

Moderna president Stephen Hoge said in an interview on Monday that the company expects to price its COVID-19 vaccine in the United States at around $130 per dose in the future as government purchases shift to the private sector.

Hoge stated this in advance of a Congressional hearing on Moderna's pricing strategies chaired by Democratic U.S. Senator Bernie Sanders. "There are different customers negotiating different prices right now, which is why it's a little bit complicated," he added.

Credit Suisse Takeover and Central Bank Action Calms Tense Markets

Market confidence increased on Monday as a result of government efforts to prevent a global banking crisis. Investors welcomed the historic Swiss-backed purchase of troubled Credit Suisse by UBS Group as well as the emergency dollar liquidity provided by leading central banks.

UBS will pay 3 billion Swiss francs ($3.23 billion) for the 167-year-old Credit Suisse Group AG and take on up to $5.4 billion in losses as part of a deal arranged by Swiss regulators on Sunday.

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