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

Spotify Shall Cut Jobs to Reduce Cost

Spotify Technology is considering layoffs as soon as this week in an effort to reduce costs, joining companies like Alphabet, Amazon, and Microsoft that have recently eliminated thousands of jobs.

Jobs were lost by tech companies last year as a demand boom brought on by the pandemic quickly subsided, and layoffs have continued this year as businesses try to contain costs to weather the downturn.

MACROECONOMIC DATA ANALYSIS

The Indian government will borrow a record 16 trillion rupees ($198 billion) in the fiscal year ending in March 2024, according to a Reuters poll of economists. These economists said infrastructure spending and fiscal responsibility should be the government's top budget priorities. The gross national debt of the United States has more than doubled over the last four years as a result of Prime Minister Narendra Modi's administration's extensive spending to aid the underprivileged and protect the economy from the COVID-19 pandemic.

The European Central Bank (ECB) will be more aggressive in its tightening campaign, adding another 50 basis points to its deposit rate on February 2nd as it fights rampant inflation, a Reuters poll found. Despite the eurozone's central bank raising rates at the fastest rate on record, inflation has yet to reach the 2% target. According to official data released last week, prices increased 9.2% year on year in December.

CURRENCIES

The euro reached a nine-month high against the dollar on Monday morning as more pessimistic remarks about European interest rates contrasted with market expectations for a more restrained Federal Reserve.

The recent peak of $1.08875 was broken by the euro, which rose as high as $1.0903, while the dollar index which measures the value of the greenback against a basket of six other currencies slipped by 0.09% to 101.743.

GOLD

Gold prices edged lower after trading near a nine-month high on Monday morning as markets awaited additional U.S. data this week to determine whether the biggest economy in the world might experience a recession in 2023. Gold futures fell by 0.20% to $1,924 per ounce.

OIL

Oil prices started to decline in Monday’s early trading session after a recent rally as traders awaited more information on China's economic recovery and a possible U.S. recession. However, Asian trading volumes were low due to a number of market holidays in the region. Brent crude futures slipped by 0.15% to $87.50 a barrel, while the West Texas Intermediate slid by 0.13% to $81.53 a barrel.

INDICES                         

USA: S&P500 +1.89%, Dow Jones Industrial Average +1.00%, Nasdaq Composite +2.86%

Europe: FTSE 100 +0.30%, DAX +0.76%, CAC 40 +0.63%

Asia: Nikkei 225 +1.33%, Hang Seng +1.82%, CSI 300 +0.61%, Nifty 50 +0.50%

Newest

Intel "Historic Collapse" Slashes $8 billion in Market Value

About $8 billion of Intel’s market value was lost on Friday as a result of the American chipmaker's gloomy earnings forecasts, which stoked concerns about a downturn in the personal computer market.

The business also struggled with slowing growth in the data center industry, which contributed to its first-quarter surprise loss forecast and $3 billion below-estimated revenue forecast.

Morgan Stanley Fines Employees For Messaging Breaches

Morgan Stanley has fined employees who use messaging apps like WhatsApp and others for work-related communications, the Financial Times reported on Thursday. The fines, which ranged from a few thousand dollars to over $1 million per employee, were established by taking into account various elements, including the quantity of messages sent, seniority, and whether or not they had previously been warned.

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