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The main events by the morning: June 27


June, 27 2024
watermark Economic news

  • The EU has eased sanctions: partial transfers from Russia are allowed. The European Union has allowed the unblocking of some of the frozen transfers from Russia imposed as part of the sanctions. This measure applies only to payments made by non-sanctioned persons or addressed to beneficiaries in the EU, and applies to personal transfers of Russians.


  • Investor Jim Rogers predicts economic difficulties after the US elections. In his opinion, the current growth in global markets is due to the significant amount of «printed money» from central banks. However, excessive emissions will soon lead to problems in the global economy.


  • The Biden administration is committed to keeping gas and oil prices stable ahead of the election. The current government in the United States cannot afford to strengthen sanctions against the energy sector of Russia and Iran, as this could cause a sharp jump in prices on the world market, which would negatively affect Biden's election ratings.


  • Turkey has tightened the regulation of cryptocurrencies. The Turkish parliament has passed a bill tightening the rules for the use of cryptocurrencies in the country. Now, all transfers in cryptocurrency must be officially registered. Fines from $7.5 thousand to $182.6 thousand are provided for violation of the rules, as well as imprisonment for a period of 3 to 5 years for individuals.


  • Amazon has reached a capitalization of $2 trillion for the first time in its history. The online retailer became the fifth American company to overcome this level. The rise in the price of shares is observed against the background of the company's bets on artificial intelligence. Amazon is cutting costs and restructuring its business, directing funds to technology development. In 2023, the marketplace invested $52.7 billion in generative AI.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.