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 8


July, 08 2024
watermark Economic news

  • Russia has entered the top 6 countries in terms of purchasing power. According to the American investment company Navigator Principal Investors, in 2023 this indicator in Russia increased by 3.6% with a projected growth of 3.2% in 2024.


  • The Bank of Russia will create its own database with ratings of companies. Information will be received from 4 Russian rating agencies: Expert RA, ACRA, National Credit Ratings and the National Rating Agency. This, according to the Central Bank, will facilitate asset purchase decisions.


  • The left-wing New Popular Front party won the parliamentary elections in France. Macron's coalition «Together» took second place, and Marine Le Pen's National Unification party, which won the first round, came in third. As a result, no party won an absolute majority in Parliament.


  • The Japanese embassy has complicated the process of obtaining a visa for Russians by introducing new requirements. Now, if a tourist provides an extract from a foreign bank, the Japanese consuls require confirming ownership of the card by shooting a video with the bank's open personal account.


  • Iran's new president, Masoud Pezeshkian, advocates dialogue with Western countries. Pezeshkian is a reformist who promises to fight for women's rights and engage in dialogue with the United States to establish a new nuclear deal. It is noted that Pezeshkian, although he advocates reforms, but in a limited format, so he is unlikely to be the person who «will shake the regime.»

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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.