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: July 5


July, 05 2024
watermark Economic news

  • European business advocates the lifting of sanctions against Russia and the maintenance of trade relations. According to the trade representatives of the Russian Federation in Germany, Belgium and Spain, the decrease in trade turnover between Russia and the EU encourages European companies to look for new ways to interact with Russia.


  • Germany is considering ways to solve the problem of frequent strikes. The Free Democratic Party proposes to limit the rights to hold workers' protests, including mandatory notification by trade unions of strikes at least three days in advance and limiting their duration to four hours.


  • The Labour Party won the elections to the British Parliament. Sunak lost and will leave the post of prime minister. Labour has pledged to support tough economic measures, including loan cuts, said Matthew Gordon Banks, a former member of the House of Representatives. The political course towards Russia will remain unchanged.


  • Durov called Hamster Kombat an Internet-phenomenon and promised that the «hamster» token would soon be released on the TON blockchain. The founder of Telegram noted that the number of Hamster Kombat users has reached 239 million people in 3 months and every day the number of new users is growing by 4-5 million people, making it the fastest growing service in the world.


  • Foreign banks refuse to sell and transfer Eurobonds to Russian clients. Bankers are not sure that these securities have not been replaced in Russia. They are afraid of a situation of double accounting of assets, when the client will have both the original Eurobond and its replacement version at the same time. At the moment, two banks have refused to conduct transactions with Eurobonds – Swiss Julius Baer and LLB from Liechtenstein.

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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.