Analytical Reviews

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.

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: June 10


June, 10 2024
watermark Economic news

  • Agreements worth 6.4 trillion rubles were signed at SPIEF 2024. In 2023, the amount of transactions amounted to 3.8 trillion rubles. 


  • The parties of Macron and Scholz were defeated in the elections to the European Parliament. The far right has taken over, and Ursula von der Leyen is likely to remain head of the European Commission. Her party, the European People's Party, gets 184 seats in the European Parliament (25.56%) – this is the majority.


  • The G7 countries will put pressure on Chinese banks. U.S. representatives at the upcoming G7 summit intend to insist on the introduction of the toughest measures against Chinese financial institutions that continue to carry out financial transactions with Russia.


  • There are plans to build a new shipyard in Russia. The United Shipbuilding Corporation is considering the possibility of building a new shipyard in St. Petersburg, Leningrad, Murmansk and Arkhangelsk regions, the Ministry of Industry and Trade reported. The commissioning period is scheduled for 2031-2032.


  • Oil is unlikely to rise in price: Iraq will conclude an agreement on the resumption of oil exports from Kurdistan. The export of «black gold» from the region was suspended in 2023 due to the fact that Turkey allowed oil supplies from the autonomous region to bypass the federal government. Before the suspension, the region exported about 470 thousand barrels of oil per day.

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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.