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: August 5


August, 05 2024
watermark Economic news

  • The worst day for global stock markets since 2020. Today, the global stock market is experiencing its worst day since the COVID-19 pandemic: bitcoin has fallen below $50 thousand, the Moscow Exchange has updated the lows of the year, trading on the Istanbul stock exchange has been suspended. This «Black Monday» will go down in history.


  • Duty-free shops at Dubai Airport began accepting rubles on August 1. According to a representative of Dubai Duty Free, the possibility of paying in cash in rubles is currently available only in some retail outlets. In other stores, payment in rubles will be possible in the near future after the settlement of technical issues.


  • Anthony Blinken warned of a possible attack by Iran and Hezbollah on Israel. The US Secretary of State informed his colleagues from the G7 countries that an attack by Iran and Hezbollah on Israel could happen as early as Monday, as Axios reports, citing sources.


  • T-Investments launch morning trading. From August 5, users of the T-Investments broker will be able to buy shares from 07:00 a.m. Moscow time, without waiting for the opening of the Moscow Exchange. Now the trading platform operates according to the 17/7 schedule – from 7 a.m. to 23:50 every day.


  • Imports of goods to Turkey decreased by almost 20%. Compared to May 2024, imports fell by 18.8% in June. Supplies from Russia decreased the most: by $835 million. Italy is in second place in terms of reducing imports, with $714 million less being supplied from there, and China by $481 million. Overall, imports fell to $24.9 billion. The reasons are: currency risks, high inflation and a reduction in Russian gas supplies. 


  • The Malian authorities are severing diplomatic relations with Ukraine. The decision is explained by the comments of the Ukrainian authorities about the rebel attack on government troops and the Wagner PMCs.

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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.
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.