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

Nasdaq CEO Believes IPO Activity will Increase in 2023

In light of investors' continued caution, Nasdaq CEO Adena Friedman predicted on Wednesday that the first half of 2023 will be quiet for initial public offerings, but she is optimistic that activity will pick up in the second half of the year.

Friedman stated in an interview at the Reuters NEXT conference that there are currently only about 200 companies in the pipeline for Nasdaq initial public offerings, which is less than the range of 250 to 300 seen in recent years.

MACROECONOMIC DATA ANALYSIS

On Thursday, the majority of Asian stock markets surged after Federal Reserve Chair Jerome Powell declared that the central bank would slow the rate of interest rate increases. Additionally, the loosening of some anti-COVID regulations in China raised hopes for a complete reopening. The easing of some anti-COVID measures in two cities—Guangzhou and Chongqing—following a series of demonstrations against the government's strict zero-COVID policy helped to boost sentiment toward China.

Jerome Powell, the chairman of the Federal Reserve, stated that it was time to slow the rate of upcoming interest rate increases while also indicating a lengthy economic adjustment to a scenario in which borrowing costs will remain high, inflation will decline slowly, and the United States will continue to experience a persistent labor shortage.

CURRENCIES

The U.S. dollar fell as a result of remarks made by Federal Reserve Chairman Jerome Powell that the American central bank may slow the rate of interest rate increases "as soon as December." This helped put the dollar index on track for its worst month since 2010.The Dollar Index, which measures the value of the U.S. dollar against a basket of six other currencies, dropped 0.44% to 105.430.

GOLD

Gold prices rose to a two-week high on Thursday morning, supported by a weaker dollar greenback following a speech by U.S. Federal Reserve Chair Jerome Powell that sparked expectations of smaller interest rate hikes. Gold futures jump by 2.09% to $1,796 per ounce.

OIL

Oil prices dipped in Asian trading on Thursday’s early hours, as uncertainty persisted ahead of the OPEC+ meeting on Sunday. However, easing COVID curbs at the world's top crude importer China limited price declines. Brent crude futures climbed by 0.76% to $84.88 a barrel, while West Texas Intermediate crude rose by 0.77% to $78.81 a barrel.

INDICES

USA: S&P500 +3.09%, Dow Jones Industrial Average +2.18%, Nasdaq Composite +4.58%

Europe: FTSE 100 +0.81%, DAX +0.29%, CAC 40 +1.04%

Asia: Nikkei 225 +0.92%, Hang Seng +1.46%, CSI 300 +1.09%, Nifty 50 +0.40%

Newest

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.

Twitter Ad Spending Falls 70% in December

Top advertisers cut their spending on Twitter by 71% in December as a result of Elon Musk’s recent takeover, according to data from an advertising research firm.

The latest Standard Media Index (SMI) data comes as Twitter works to reverse the advertiser exodus. It has launched a slew of initiatives to win back advertisers, including offering some free ads, lifting a ban on political advertising, and giving businesses more control over the placement of their ads.

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