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The main events by the morning: November 7


November, 07 2024
watermark Economic news

  • The world community continues to «digest» the results of the US presidential election. The head of the Bank of France noted that the election of a Republican candidate increases the risks to the global economy, suggesting possible protectionist measures by the new administration. Politico reports that the Biden administration is already preparing for the likely suspension of military assistance to Ukraine if Trump becomes president.


  • Xi Jinping sent a congratulatory telegram to Donald Trump, confirming China's recognition of his victory. China Central Television announced that the Chinese leader joined in the congratulations, and earlier the Chinese Foreign Ministry also congratulated Trump and said that China respects the choice of the American people.


  • Kamala Harris, the vice president of the United States, nevertheless spoke to supporters, admitting defeat. She stressed the need for a peaceful transfer of power and expressed hope for the continuation of the struggle for the «future and values of America» in the legal field. At the end of the speech, Harris called on supporters to accept the election results and earlier also congratulated Trump.


  • Germany is facing a political crisis. According to the Welt newspaper, on January 15, Chancellor Scholz will put the issue of trust in the government to a vote. Earlier, he dismissed the finance minister, who refused to increase aid to Ukraine, which led to the resignation of three more ministers from the Free Democratic Party from the government, which jeopardized the stability of the ruling coalition in Germany.


  • The State Duma will consider a bill banning the sale and lease of property in Russia for citizens who speak negatively about the country after leaving. According to Speaker Vyacheslav Volodin, the measure is aimed at preventing the enrichment of such persons at the expense of assets in Russia. A special payment procedure is also planned for foreign agents, providing for the transfer of funds only to ruble accounts in the country.

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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.