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

PayPal Shares Soar on Elliott's $2 Billion Stake

PayPal announced on Tuesday that activist investor Elliott Management owns more than $2 billion in the fintech company, and the company raised its annual profit guidance.

PayPal shares (NASDAQ: PYPL) soared nearly 12% after the company announced a slew of changes, including the appointment of Blake Jorgensen as new chief financial officer and a $15 billion share repurchase program.

MACROECONOMIC DATA ANALYSIS

India's trade deficit is likely to remain above $20 billion for a considerable amount of time, increasing the likelihood of a growing current account deficit, Barclays (LON:BARC) said. Rahul Bajoria, chief economist for India at Barclays, wrote in a note that while "we still expect the trade deficit to hit US$265 billion, the risks are skewed towards an even larger deficit, posing risks to our forecast for the current account deficit to widen from the present $115 billion for FY22-23."

Residential property prices in South Korea are likely to fall by up to 2.8% in two years with a full percentage point increase in policy interest rates, according to a research paper released by the central bank on Wednesday. While other factors such as the size of new apartment supply and mortgage rules could influence property prices, the Bank of Korea study focused solely on the impact of policy rate changes on prices.

CURRENCIES

The U.S. dollar held on a thread in choppy trade on Wednesday’s early hours, following its biggest gain in weeks as Federal Reserve officials talked up the prospect of more aggressive interest rate hikes. The U.S. dollar index, which tracks the greenback against other major currencies, inched 0.01% higher to 106.115.

GOLD

Gold prices fell on Wednesday’s morning trading session, amid hawkish remarks from multiple Federal Reserve officials strengthening the dollar, while some investors expect more pronounced interest rate increases. Gold futures dropped by 0.34% to $1,783 per ounce.

OIL

Oil prices dipped in early trade on Wednesday before reversing some of their losses, ahead of a meeting of OPEC+ producers, due to concerns that a slowdown in global growth would affect gasoline consumption and a bolstered dollar greenback. Brent crude futures fell by 0.26% to $100.33 per barrel, while WTI crude barrels were down 0.20% lower to $94.22 a barrel.

INDICES

USA: S&P500 -0.67%, Dow Jones Industrial Average -1.23%, Nasdaq Composite -0.30%

Europe: FTSE 100 -0.06%, DAX -0.23%, CAC 40 -0.42%

Asia: Nikkei 225 +0.53%, Hang Seng +0.45%, CSI 300 -0.77%, Nifty 50 -0.57%

Newest

Dubai Airport Expects Travel Surge, Hikes Annual Forecast

The operator of Dubai International Airport said on Wednesday that over 14 million passengers passed through the airport in the second quarter, raising its forecast for the year to 62.4 million. The number of passengers increased for the seventh consecutive quarter as demand for international travel rises as pandemic restrictions around the world loosen.

According to a statement from Dubai Airports, the airport in Dubai processed 14.2 million passengers from April to June, more than tripling the 4.9 million that passed through security during the same period last year.

Jewelry Maker Pandora Goes Big on Lab Diamonds

Pandora, the globe’s largest jewelry manufacturer, announced on Tuesday that it shall proceed with its bet on lab-created diamonds, following its statement last year to stop selling mined diamonds.

In an effort to attract younger customers with less expensive, more sustainable stones that are guaranteed not to have come from war zones, the Copenhagen-based jewelry giant will introduce a collection which utilizes unmined diamonds in North America this month.

Following a smaller experimental launch in Britain last year, 269 locations are now open across the United States, Canada, and via the web.

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