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

Warren Buffett Donates $4 Billion to Charity

Renowned investor, entrepreneur and philanthropist Warren Buffett bestowed nearly $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities on Tuesday, as part of his pledge to donate almost all of his net worth.

Berkshire Hathaway, which Buffett has led since 1965, announced the donation of approximately 14.4 million Class B shares, with a closing price of $277.64 on Tuesday. The Bill & Melinda Gates Foundation will receive 11 million shares, while the Susan Thompson Buffett Foundation, named after Buffett's late first wife, will receive 1.1 million.

MACROECONOMIC DATA ANALYSIS

The Chinese economy is exhibiting optimistic signs of recovery, as industrial output grew 0.7% in May on a year-to-year basis. While demand remains frail amid strict COVID curbs, investors of the Asian nation on Tuesday soared Chinese stocks to their highest in over two months.

The European Central Bank's (ECB) rate-setting Governing Council will meet unanticipatedly on Wednesday morning to discuss the recent sell-off in government bond markets, according to a spokesperson. Bond yields have bumped sharply since the ECB promised a series of rate hikes on Thursday last week, with the spread between German and more debt-stricken southern nations, particularly Italy, achieving two-year highs.

CURRENCIES

The U.S. dollar fell on Wednesday morning, despite investors betting on aggressive interest rate hikes from the U.S. Federal Reserve meeting. The dollar index, which tracks the greenback against a basket of other currencies, tumbled 0.63% to 104.677.

GOLD

Gold prices rose on Wednesday’s early hours from near one-month slumps, as Treasury rates edged lower ahead of the U.S. Federal Reserve meeting, which is likely to unveil aggressive interest rate hike intentions to combat excessive inflation. The value of the bullion increased 0.87% to $1,824 per ounce.

OIL

Oil prices were down in the early trading session of Wednesday, despite the worries about the unclear economic future and anticipated aggressive U.S. interest rate hike decisions. Brent futures inched 1.03% lower to $119.89 per barrel, while WTI futures dropped 1.15% to $117.58 a barrel.

INDICES

USA: S&P500 -0.38%, Dow Jones Industrial Average -0.50%, Nasdaq Composite +0.21%

Europe: FTSE 100 +1.22%, DAX +1.03%, CAC 40 +0.91%

Asia: Nikkei 225 -1.14%, Hang Seng +1.14%, CSI 300 +1.32%, Nifty 50 -0.26%

Newest

Tim Cook makes the most direct indication yet that Apple is creating a headset.

Tim Cook, the CEO of Apple, has provided the closest thing to a confirmation that the company is developing a headset.

In a recent interview with China Daily USA, Cook was questioned about what, in his opinion, are the essential elements for augmented reality, or AR, to be successful in the consumer market.

“I am incredibly excited about AR as you might know. And the critical thing to any technology, including AR, is putting humanity at the center of it,” he said, echoing comments he’s made in the past about how important AR is to the company.

Meta and others tech titans create the metaverse standard body

Meta, Microsoft, and other tech titans racing to build the emerging metaverse concept have formed a group to encourage the development of industry standards that will make the companies' nascent digital worlds compatible with one another.

The World Wide Web Consortium (W3C), as well as other well-known standards-setting organizations, are among the participants in the Metaverse Standards Forum, according to a statement released by the group on Tuesday announcing its formation.

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