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 27


May, 27 2024
watermark Economic news

  • Georgia is going to return Abkhazia and South Ossetia to its composition and become a member of the European Union in 2030. This was stated by the Prime Minister of Georgia. 


  • The European Union has significantly increased imports of Russian iron, steel and aluminum. Purchases of iron and steel increased by 1.7 times month-on-month, reaching 328 million euros, which is the highest since May last year. Belgium made a big contribution to this growth, increasing purchases by 250% to 130.5 million euros. Sales of Russian aluminum in the EU also increased by a quarter.


  • Republicans recommend that Trump appoint his main rival as vice president if he is elected. According to Politico, some party members suggest carefully considering the candidacy of Nikiya Haley, who showed the most tenacity during the primaries. Despite Trump's criticism of her, the party considers this move a good idea.


  • Gazprom has found a solution to avoid problems with passage through the Red Sea, but it will cost the company a pretty penny. The company began sending its LNG tankers bypassing the Suez Canal and the Red Sea. Now ships bound for China follow the west coast of Africa and around the Cape of Good Hope. However, this additional route takes 1.5 times longer (about 45 days) compared to the passage through the Suez Canal.


  • Wall Street considers the stock markets of Indonesia and India to be the best among developing countries. These countries stand out against the background of a rapidly aging world at the expense of a young population. India overtook China in 2023 and became the most populous country.

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.