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.

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The main thing in the morning: June 3


June, 03 2024
watermark Economic news

  • OPEC+ will extend the current quotas for the whole of 2025. Currently, an agreement is in place to reduce production by 3.7 million b/d at the OPEC level by the end of 2024 and by 2.2 million b/d at the non-OPEC level by the end of June.


  • The G7 and EU countries are discussing sanctions against third-country banks using the Russian equivalent of SWIFT – a financial messaging system SPFS. In 2023, the use of SPFS has almost tripled compared to 2022. Currently, this system is used by more than 150 foreign banks from about 20 countries, including China, Belarus, Armenia, Tajikistan and Kazakhstan.


  • There is no consensus on the market regarding a possible change in the key rate of the Central Bank of the Russian Federation. According to a survey of analysts conducted by RBC, a third of respondents expect a rate increase from 16% to 17%. Of the 30 analysts surveyed, 18 believe that the rate will remain at the current level. Some experts allow the option of increasing the rate to 18%.


  • The Peace conference in Switzerland failed before it even started. Of the 160 invited States, only 70-80 responded to the invitation. It was also not possible to form a single agenda that Kyiv wanted to promote. 


  • Nuclear weapons are the main threat to humanity, Donald Trump believes. Unlike his opponent, Biden, who places "global warming" in this position, the former president believes that the potential damage of these threats is incommensurable. In the event of a nuclear war, «It would be total annihilation, and that's a real threat,» Trump said.

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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.