Stock market analytics, financial 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.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The main events by the morning: December 17


December, 17 2024
watermark Economic news

  • The European Union has imposed the 15th package of sanctions against Russia. The construction giant PIK and the airline UTair, as well as the head of Avtodor Vyacheslav Petushenko, were subject to restrictions. The sanctions affected 52 tankers carrying Russian oil, top managers of fuel and energy sector companies and heads of Gazprom subsidiaries: Gazprom Fleet, Gazstroyprom and Gazprom LNG Technologies.


  • The Moscow Stock Exchange index fell to a one-year low, reaching 2,395 points. The market is reacting negatively to the speeches of the president and the Minister of Defense, new sanctions and the expectation of a decision on the key rate. Rostelecom's shares have fallen to the lowest value since 2022 – 50 rubles. The collapse of MTS Bank continues, whose securities have lost 60% since the IPO. The largest drop was demonstrated by «Samolet» – since the beginning of the year, the company's shares have depreciated by 79%, falling from 3,851 to 845 rubles per paper.


  • Donald Trump has announced plans to impose or increase tariffs against a number of countries. At a press conference at the Mar-a-Lago estate, the president-elect stressed that the United States will be guided by the principle of reciprocity: if a trading partner imposes duties on American goods, the United States will impose similar measures in response. The list of countries potentially subject to new duties may include Brazil, India and China.


  • US Senator Bernie Sanders criticized the US defense budget, which reached almost $900 billion. According to him, inflated defense spending limits funding for health and social care programs. Sanders also spoke about large-scale fraudulent schemes at the Pentagon, where defense companies overestimate the value of contracts by 40%.


  • South Korea has imposed sanctions against 7 individuals and 13 organizations from Russia. The reason was the accusation of illegal military cooperation with the DPRK. In total, 11 people and 15 organizations were included in the list, including two generals of the Korean People's Army, a rocket engineer and one officer.

Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
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.