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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The main events by the morning: January 9


January, 09 2025
watermark Economic news

  • Denmark admits the possibility of granting Greenland independence amid pressure from Trump. Although it is difficult to assess the seriousness of the US president-elect's intentions, European leaders reacted quite harshly. The Prime Minister of Greenland has already held a meeting with King Frederik and intensified the rhetoric of independence. Further developments are still uncertain.


  • Trump may impose a state of emergency to legally justify the imposition of new duties against other countries. Such a step would give the president the authority to personally regulate imports and develop a new tariff policy. Against the background of these rumors, the dollar strengthened against major currencies, increasing pressure on global markets.


  • Joe Biden has canceled his last foreign trip to Italy, focusing on fighting large-scale fires in California. The White House said the president will spend the last weeks of his term coordinating disaster relief efforts. The damage from the fires is already estimated at $52-57 billion, and their localization is not yet possible.


  • Trading in X5 shares resumed on the Moscow Stock Exchange. On December 24, the Moscow Stock Exchange announced that the company, which had moved to Russian jurisdiction, had been assigned the ticker «X5». Since July 22, shares of PJSC «Corporate Center X5» have been included in the first level of listing. At the beginning of trading, the share price rose to 3,000 rubles, but after half an hour it fell to the region of 2,750. 


  • Bitcoin dropped below $93 thousand on the news of the sale of coins by the US government. The cryptocurrency continues its series of sharp losses as risk appetite has been undermined by the Fed's hawkish signals. It also became known that the US Department of Justice received court permission to sell 69,370 bitcoins (worth $6.5 billion), confiscated during the investigation of the Silk Road case.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.