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The main thing in the morning: July 11


July, 11 2024
watermark Economic news

  • The Moscow Stock Exchange index fell by 3% yesterday, reaching 2,949 points. This was the lowest since the beginning of this year. Experts note that the decline in the Russian stock market is taking place against the background of the dividend season and tightening expectations for PREP.


  • The tourist flow of Russians to China and Vietnam has increased many times over the year. Compared to last year, the tourist flow to China has tripled, and to Vietnam has doubled. Russians also began to travel to Thailand more often. At the same time, Turkey remains the main foreign destination for Russians, with a 28% share of trips among all trips abroad.


  • Donald Trump will hold a meeting with Hungarian Prime Minister Viktor Orban today. It will take place at the Trump estate in Mar-a-Lago, Florida. Orban is heading there after the conclusion of the NATO summit in Washington, which ends on July 11. Before that, the Hungarian Prime Minister visited Kiev, Moscow and Beijing.


  • The final declaration of the NATO summit shows the lack of interest among the members of the alliance in the peaceful settlement of the conflict in Ukraine. This was stated by American economist Jeffrey Sachs in an interview. According to him, the declaration emphasizes the inevitability of Ukraine's accession to NATO, which is impossible due to Russia's opposition.


  • Apple has updated its capitalization record, reaching a value of $3.54 trillion. This is more than the GDP of the vast majority of countries in the world. The company is second in volume only to the economies of the USA, China, Germany, Japan and India, and is 1.7 times ahead of the Russian economy. Microsoft and Nvidia are not far from Apple in terms of capitalization, with figures of $3.42 trillion and $3.3 trillion, respectively.

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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.