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.

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The main events by the morning: May 7


May, 07 2024
watermark Economic news

  • The EU is considering trade sanctions against Israel due to the policy of aggressive war in the Gaza Strip. Belgium proposed the initiative. And although Belgium had already decided on its own to impose sanctions a few weeks ago, the country's Prime Minister, Alexander De Croo, stressed that a collective approach from the entire alliance was needed.


  • Brussels has announced that the EU ambassador will not attend Vladimir Putin's inauguration on May 7. The authorities of Poland, the United States, Canada and the United Kingdom also announced their refusal to send their representatives to participate in the ceremony.


  • SberPay launched in Turkey. To use this service, you must inform Sber at the time of purchase that you want to pay through the Metropol system and then go to the website payinturkey.com.


  • The European Union plans to impose sanctions against the Russian version of SWIFT as part of the 14th package of sanctions.


  • The demand for workers who speak Chinese increased by 63% in 2024. Proficiency in Chinese at a fluent/conversational level increases the average earnings of a specialist by 18-20%. Chinese is the second most popular language after English.


  • The EU countries have reached a consensus on the use of proceeds from frozen Russian assets. German Chancellor Olaf Scholz announced the readiness of the EU countries to direct 90% of all profits to the military needs of Ukraine.

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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.
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.