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: June 5


June, 05 2024
watermark Economic news

  • SPIEF, one of the largest economic forums in the world, starts today. The main theme of this year will be «The foundation of a multipolar world.» The participants will discuss the transition to a multipolar economic model, the goals and objectives of the Russian economy, technology, as well as the social priorities of the state. The agenda also includes issues of cooperation between the BRICS and SCO countries.


  • Russia, China and Iran stressed the need to resume the nuclear deal by issuing a joint statement at the IAEA meeting. They called on the West to "show political will" and take measures to restore the Joint Comprehensive Plan of Action with Iran. The US removed the nuclear deal from the agenda back in December 2022, and there has been no progress since then.


  • The G7 countries plan to provide Ukraine with a loan financed by income from frozen Russian assets. This was announced by US Treasury Secretary Janet Yellen. The new financing mechanism for Ukraine will be presented at the upcoming G7 summit on June 13-15 or on the eve of the peace summit on Ukraine.


  • Of the 27 EU countries, only three increased exports to Russia in the first quarter of 2024: Ireland, Portugal and Cyprus. According to RIA Novosti, the most noticeable increase in exports was shown by Cyprus, where Russia mainly bought yachts and boats.


  • Turkey would like to join the BRICS. This issue will be discussed at a ministerial meeting in Russia, the Turkish Foreign Minister said. The Russian Federation welcomes the interest of the Turkish authorities in joining the organization, the issue will be raised in October at the BRICS summit in Kazan.

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.