Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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Latest Economic News

Brent and WTI show growth, despite uncertainty about quotas


April, 24 2025

June Brent futures rose to $66.88 per barrel, while WTI rose to $62.97 per barrel. Earlier, oil prices fell by 2-2.2% due to rumors that OPEC+ countries may accelerate production growth in June. The decision on this issue will be discussed at the meeting on May 5.Analysts note that at the current level of compliance with OPEC+ quotas, it may continue to increase oil production at an accelerated pace. Additional support for prices is provided by signals about the readiness of the United States an... Read More

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The number of applications for unemployment benefits in the US fell to 1.314 million, better than forecast


July, 09 2020

According to the US Department of Labor, the number of initial applications for unemployment... Read More

The EC approved the plans of Germany to allocate 500 billion euros to help companies


July, 08 2020

The European Commission has announced that it has approved a plan by Germany to create a fund of... Read More

Baker Hughes: the number of oil and gas drilling rigs in the world decreased for the 4th consecutive month


July, 07 2020

According to the report of the American oilfield services company Baker Hughes, the number of... Read More

Eurozone retail sales up 17.8% in May


July, 06 2020

According to the European statistical agency Eurostat, retail sales in the eurozone in May rose by... Read More

In May, the US foreign trade deficit rose to a maximum since December 2018


July, 03 2020

According to the US Department of Commerce, the country's foreign trade balance deficit amounted to... Read More

The number of jobs in the US in June jumped to a record 4.8 million


July, 02 2020

According to the US Department of Labor, in June the number of jobs in the economy increased by 4.8... Read More

The index of business activity in the US industry in June rose to 52.6%


July, 01 2020

According to the Institute for Supply Management (ISM), the US index of business activity in the US... Read More

US consumer confidence in June turns better than forecast


June, 30 2020

According to analysts at Conference Board, the US Consumer Confidence Index in June rose to 98.1... Read More

More than 40% of S&P 500 companies abandoned forecasts due to coronavirus


June, 29 2020

More than 40% of the S&P 500 companies withdrew quarterly or annual forecasts due to the... Read More

US consumer income down 4.2% in May, better than forecast


June, 26 2020

According to the Bureau of Economic Analysis of the US Department of Commerce, consumer income in... Read More

The final estimate of US GDP in the I quarter: a fall of 5%


June, 25 2020

According to the final estimate of the US Department of Commerce, the country's GDP in the first... Read More

Economists significantly worsen German GDP drop forecast this year


June, 23 2020

The Council of Economic Experts under the German government has adjusted the forecast for German... Read More

Home sales in the US secondary market in May decreased by 9.7%, worse than forecast


June, 22 2020

Today in the United States published a report of the National Association of Realtors (NAR),... Read More

Swiss Central Bank expects deflation in 2020


June, 18 2020

A meeting of the Central Bank of Switzerland took place today, at which the regulator announced... Read More

Bank of England maintains interest rates and expands QE program


June, 18 2020

Today, a meeting of the Board of the Bank of England took place, at which the regulator kept the... Read More

US retail sales jump 17.7% in May


June, 16 2020

According to the US Department of Commerce, retail sales jumped 17.7% in May compared with April.... Read More

UK Central Bank may extend £150 billion QE program on Thursday


June, 15 2020

On Thursday, a meeting of the Bank of England board will take place, during which the regulator can... Read More

The number of applications for unemployment benefits in the US fell more than forecast


June, 11 2020

According to the US Department of Labor, the number of applications for unemployment benefits... Read More

US annual inflation slows to 0.1% in May


June, 10 2020

According to the US Department of Labor, consumer prices in May rose 0.1% on an annualized basis,... Read More

German exports collapsed by a record 31.1% in April


June, 09 2020

According to the Federal Statistical Office of German (Destatis), exports in the country, which is... Read More

Italy's economy will decline in 2020 by 8.3%


June, 08 2020

According to the forecast of the Italian statistical office ISTAT, the country's GDP will fall by... Read More

OPEC+ meeting scheduled for June 6


June, 05 2020

Today it became known that the ministerial meetings of OPEC and OPEC + will be held on the same... Read More

The ECB has added another 600 billion euros to combat the crisis


June, 04 2020

Today, a meeting of the European Central Bank (ECB) and a speech by regulator Christine Lagarde... Read More

Egypt launched an oil well at 123 thousand barrels per month


June, 03 2020

Egypt has commissioned a new well in the Western Desert, capable of producing more than 0.5 million... Read More

NBK requires additional monetary policy measures


June, 02 2020

The Central Bank of China said that the economic damage from the coronavirus pandemic was stronger... Read More

Eurozone PMI index in May turned out to be worse than forecast


June, 01 2020

According to the final assessment of the research organization Markit Economics, the index of... Read More

Italian economy experienced the strongest GDP decline in history in Q1


May, 29 2020

According to the final data of the statistical agency Istat, the Italian economy in the first... Read More

US oil inventories unexpectedly rose 1.5% over the week


May, 28 2020

According to the US Energy Information Administration (IEA), commercial oil reserves in the country... Read More

EC wants to give an additional 11 billion euros to EU countries


May, 27 2020

The European Commission proposes to adjust the multi-year financial plan of the European Union... Read More

Fed ready for policy change


May, 26 2020

The Federal Reserve is ready to move on targeting the yield of treasury bonds – this was the c... Read More

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.