Market updates and forecasts

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.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The main events by the morning: May 6


May, 06 2024
watermark Economic news

  • Instant coffee prices may rise due to a sharp jump in prices for robusta coffee futures. Its value has reached its highest level in the last 45 years. In Vietnam, the world's largest producer of robusta, supply difficulties continue due to crop failures both last and this season.


  • An increase in furniture imports to Russia led to a decrease in sales of domestic manufacturers. According to forecasts of industry associations, the volume of production may decrease by 19% by the end of 2024. A complete ban on the import of goods from «unfriendly» countries, as well as an increase in import duties for suppliers from «friendly» states, will help stop this process. 


  • The Houthis are now in the Mediterranean. One of the leading Houthi military leaders, General Yahya Sami, said that Yemeni rebels would begin attacking ships in the region.


  • French President Emmanuel Macron is seeking to distance China from Russia. During Xi's upcoming visit to Paris, he plans to put pressure on China to reduce the trade imbalance and reduce Beijing's influence on Moscow in connection with the conflict in Ukraine.


  • Washington insists on providing Ukraine with additional assistance in the amount of $50 billion from the G7 countries. Sources claim that the United States will try to reach an agreement on this at the upcoming G7 summit in Italy in June, but negotiations on this issue are continuing rather difficult.


  • Turkish banks are losing interest in customers from Russia. One of the largest banks in Turkey, DenizBank, has been refusing to open accounts for Russians more often since the beginning of 2024, even if they have local residence permits and residence permits. Previously, account opening was available only if you have a foreign passport.

Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
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.
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.