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

Nvidia Shares Rocket After Positive Outlook

Shares of technology company Nvidia (NASDAQ:NVDA) have rocketed more than 25% on Wednesday’s after-hours trading session as the chipmaker presented optimistic second quarter revenue forecasts. What also drove Nvidia stock higher is the company’s announcement that it shall double-up on supply to meet accelerating demand for artificial intelligence chips.


Asian stocks were damaged to two-month lows on Thursday amid the U.S. dollar rising in robustness, with investors and traders concerned about global economic woes arising from the potential U.S. government default if the debt ceiling is not raised. Asia-Pacific shares, China, and Hong Kong sustained a downturn in value while Japan’s Nikkei was up.

A Japanese economist by the name of Toshihiro Nagahama participated in a government panel, stating the Asian nation’s central bank may abandon a rather controversial bond yield cap during this year if risks continue to prevail, such as global banking turmoil. He also said that the Bank of Japan (BOJ) should also avoid removing monetary and fiscal support prematurely to make sure that recent positive signs in wage and consumption are sustained.


The U.S. dollar gained on Thursday morning, pushing to two-month highs against other major peers, as worries concerning a potentially-calamitous U.S. default are growing which prompted Fitch to assign a negative connotation to the United States’ “AAA” rating. The dollar index, which tracks the greenback against other major currencies, jumped 0.24% to 104.045.


Gold prices traded lower on Thursday’s early hours, driven by growing fears that the United States may not raise the debt ceiling which is likely to prompt a default. While the dollar greenback bumped higher, gold futures dwindled 0.23% to $1,960 per ounce.


Oil prices tumbled on Thursday morning amid growing uncertainty about the United States debt ceiling situation and a possible default which is likely to damage global economies significantly. Brent futures dropped 0.43% to $78.02 a barrel, while WTI futures fell 0.56% to $73.92 per barrel.


USA: S&P500 -0.73%, Dow Jones Industrial Average -0.77%, Nasdaq Composite -0.50%

Europe: FTSE 100 -0.39%, DAX -0.12% CAC 40 -0.18%

Asia: Nikkei 225 +0.39%, Hang Seng -2.04%, CSI 300 -0.22%, Nifty 50 -0.25%


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