Market updates and forecasts

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The main events by the morning: April 1


April, 01 2024
watermark Economic news

  • Sales of Russian gas for rubles brought the country an income of 2.3 trillion rubles. According to Eurostat and the UN Comtrade platform, Hungary, Italy, Greece and Slovakia became the main buyers of gas from Russia under the new conditions. However, some importing countries (e.g. Germany and Austria) hid information about their purchases of Russian gas.


  • China has expressed its readiness to hold a dialogue with Taiwan only if the latter recognizes the principle of «one China». This was stated by Chinese Ambassador to Russia Zhang Hanhui. He also noted that China highly appreciates Russia's support in the Taiwan issue. The problems between China and Taiwan began in 2016 after Taipei's refusal to recognize the 1992 Consensus.


  • China has maintained its leadership in chip imports for 22 years. In 2023, the country acquired chips worth $350 billion. Hong Kong has remained the leader in chip exports for the past 10 years. The largest increase in purchases over the past year has been observed in Albania – almost 4.4 thousand times.


  • Monetization will appear in Telegram. However, the new advertisements are not yet available in Russia, Ukraine, Palestine and Israel. Administrators will be able to receive 50% of the revenue from advertising in their channels. Payments will only be made in TON.


  • The Central Bank of Russia stated that there is no better option for storing reserves than the Chinese yuan. The bank also noted the increasing role and liquidity of the Chinese currency at the international level in recent years. Last year, the yuan replaced the US dollar as the most traded currency in Russia.


  • Microsoft and OpenAI plan to create a Stargate data center with an artificial intelligence supercomputer for $100 billion. Information about this appeared in the publication The Information with reference to three sources close to the project.

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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.