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

HSBC Keeps Lending Rate Unchanged Despite Central Bank Hike

Despite Hong Kong's central bank boosting the base rate, HSBC Holdings announced on Thursday that it would maintain its best lending rate at 5%.

Just several hours after the U.S. Federal Reserve announced a rate increase of the same size, the Hong Kong Monetary Authority (HKMA) on Thursday increased its base rate charge by 75 basis points to 2%.

The HSBC stock is in the green so far, edging 3.28% higher to $32.16 on Wednesday’s trading session amid a rally in global stock markets.


South Korea's economy would grow at its slowest rate in three years in 2022 due to global supply restrictions, soaring inflation, and rapidly rising interest rates, according to an estimate from the finance ministry released on Thursday. The new administration of President Yoon Suk-yeol announced its first set of economic policy goals, shedding light that it had downgraded this year's growth forecast from 3.1% to 2.6%, and increased its inflation expectations from 2.2% to 4.7%; the quickest rate since 2008.

Australian employment bounced back strongly in May while the jobless rate held at 50-year lows, as additional individuals went searching for work; an uplifting sign that the economy can endure the higher loan costs. The jobless rate held at 3.9% in May, when examiners had searched for a plunge to 3.8%.


The U.S. dollar was up on Thursday morning, despite investors realizing a 75-basis points interest rate hike announced by the U.S. Federal Reserve yesterday. The dollar index, which tracks the greenback against a basket of other currencies, rose 0.15% to 105.095.


Gold prices rose on Thursday’s early hours, as investors processed the U.S. Federal Reserve's decision to deliver a massive interest rate hike. The U.S. Federal Reserve raised interest rates by 75 basis points on Wednesday to combat inflation, after the U.S. consumer price index rose 8.6% year-on-year in May, marking the largest escalation since 1994. Gold futures jumped 0.64% in value to price at $1,831 per ounce.


Oil was up on Thursday’s early hours, supported by peak summer demand and tight global supply, despite the U.S. interest rate hike spurring worries over diminishing fuel demand. Investors & traders are now assessing the tight supplies and bolstered demand as the West imposed sanctions on Russian oil, while China's oil demand is expected to rebound with easing coronavirus curbs. Brent futures jumped 0.28% to $118.84 per barrel, while WTI futures bumped 0.31% to $115.67 a barrel.


USA: S&P500 +1.46%, Dow Jones Industrial Average +1.00%, Nasdaq Composite +2.49%

Europe: FTSE 100 -1.42%, DAX -1.98%, CAC 40 -1.49%

Asia: Nikkei 225 +0.40%, Hang Seng -2.17%, CSI 300 -0.66%, Nifty 50 -1.78%

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