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 20


August, 20 2024
watermark Economic news

  • Сrushed stone trading has started in Russia. For the first time in the history of the Russian market, trades in this raw material were held on the Eastern Stock Exchange. In the future, it is planned to expand this practice to sand, peat and other minerals. The idea of conducting exchange trading in crushed stone has been discussed since 2008, but the project was not implemented, mainly due to unstable logistics tariffs.


  • American intelligence has accused Iran of a cyberattack on Trump's campaign headquarters. The purpose of the attack was to exacerbate political contradictions in the United States before the elections. Iran denies the accusations, but American intelligence claims that Tehran tried to obtain information about people with direct access to the presidential campaigns in order to influence the electoral process.


  • Volkswagen recorded its first quarterly loss in 15 years. The German automaker is facing losses due to weak sales of electric vehicles, which are losing competition to Chinese brands. In addition, the company is experiencing serious production costs against the background of sanctions and the economic crisis that broke out in Germany.


  • A new round of problems with payments from Russia to China. Chinese banks have begun to refund money to Russian importers for goods that have already been cleared and received. Although such cases have not yet become widespread, several Russian companies have already complained about this problem.

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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.