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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 thing in the morning: November 1

November, 01 2024
watermark Economic news

  • Taxes are expected to rise in Russia in 2025. This opinion was expressed by a number of experts, including Orlova, chief economist at Alfa Bank, and Klimyuk from Alfa Wealth. They believe that high budget expenditures will push the authorities to seek additional tax revenues.


  • Russia and Turkey have announced the launch of a gas hub. The Turkish Energy minister said that the gas trading center in Istanbul will be opened in 2025. The Turkish company Botas and the Russian Gazprom will become participants in the project. It is noted that the Istanbul gas index will operate in the trade center.


  • Iran may strike at Israel in the near future. The Axios publication notes that this may happen before the US elections.


  • Novatek's Arctic LNG 2 project is facing new challenges. This time, Japan's Mitsui informed the company about the risks of transferring tankers due to increased sanctions. Earlier it was noted that LNG tankers have already set sail, but have not yet found buyers and remain at sea. Despite these difficulties, Russian LNG exports in October reached a record of 3.06 million tons, which was facilitated by the completion of repair work at LNG plants.


  • Donald Trump said that the allegations about his «friendship with Russia» are not true. The ex-president stressed that it was he who stopped the Nord Stream 2 gas pipeline project.


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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.