Economic News
 

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.

Latest Economic News

Inflation in Turkey in April updated the maximum since November 2022


May, 03 2024

In April, the growth rate of consumer prices in Turkey accelerated again, reaching the highest level since November 2022. According to a report by the country's statistical institute (Turkstat), inflation was 69.8% year-on-year, compared with 68.5% in March. The consensus forecast of analysts expected an even more significant increase in inflation – up to 70.33% in annual terms.The cost of utilities in Turkey increased by 55.55% YoY last month, and transport services – by 80.39%. Food prices ros... Read More

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Google will open its first data center in Japan in 2023


October, 07 2022

Google, part of Alphabet Inc., plans to open its first data center in Japan in 2023. This was... Read More

Oil may end the week with the highest growth since March


October, 07 2022

Oil prices accelerated their growth on Friday, reaching $95.88 per barrel. Thus, the quotes may end... Read More

Non-farm Payrolls Report exceeded analysts' expectations


October, 07 2022

According to the US Department of Labor (Non-Farm Payrolls report), in September, the United States... Read More

The rupee has reached a record low amid rising oil prices


October, 07 2022

On Friday, the Indian rupee hit a record low at 82.430 per $1 amid rising oil prices and growing... Read More

The European Union has banned Russians from using cryptocurrency


October, 06 2022

The European Union has approved a new package of sanctions, according to which Russians are... Read More

Oil rose above the level of $94 per barrel


October, 06 2022

Oil quotes on Thursday remain in the area of local highs reached after the announcement of the... Read More

The New Zealand central bank raised its key rate to a seven-year high


October, 05 2022

The Reserve Bank of New Zealand (RBNZ) has raised interest rates by 50 basis points to a seven-year... Read More

OPEC+ extended the deal until 2024 and reduced the quota by 2 million b/d


October, 05 2022

OPEC+ ministers at today's meeting in Vienna decided to extend the validity of the agreement on oil... Read More

The Saudis named a factor preventing an increase in global oil production


October, 05 2022

Amin Nasser, CEO of the Saudi oil and gas state company Aramco, said that the increase in oil... Read More

ECB says it is ready to raise rates to curb inflation


October, 04 2022

The head of the Central Bank of France, Francois Villeroy de Galo, said that the European Central... Read More

The Reserve Bank of Australia raised the base rate by only 25 bps


October, 04 2022

The Reserve Bank of Australia (RBA) unexpectedly reduced the pace of tightening its monetary... Read More

Asian market on the rise hoping for a change in the Fed's rhetoric


October, 04 2022

On Tuesday, the Asian market is growing amid hopes that the US Federal Reserve will begin to soften... Read More

Mexico unveils new plan to fight inflation


October, 03 2022

The Mexican authorities have reached a new agreement with the country's entrepreneurs as part of... Read More

Oil price growth accelerated on expectations around OPEC+


October, 03 2022

On Monday, oil prices are showing a rise in anticipation of the OPEC+ meeting outcome scheduled for... Read More

The pound rose sharply after the British authorities rejected the budget plan


October, 03 2022

The pound jumped sharply on Monday after the British government announced the cancellation of a... Read More

The UK will not abolish the maximum income tax rate


October, 03 2022

The UK authorities have decided to abandon plans to abolish the maximum income tax rate of 45%... Read More

Economic Calendar | October 3 – October 7


October, 03 2022

Monday, October 3 On Monday, only the final data on business activity indices in the... Read More

China increased bank liquidity by 843%


September, 30 2022

This week, the People's Bank of China poured 868 billion yuan ($122 billion) into the country's... Read More

Bank of America downgraded Apple's rating


September, 30 2022

Investment bank Bank of America downgraded the rating of Apple shares from «recommended to buy» to «... Read More

Focus of the week: what happened to the Nord Streams?


September, 30 2022

The damage to the threads of the Russian Nord Stream and Nord Stream-2 pipelines has become one of... Read More

Oil prices rise on expectations of OPEC+ production cuts


September, 29 2022

World oil prices started to rise on Thursday after a slight decline the day before. The current... Read More

US GDP decreased by 0.6% in the second quarter of 2022


September, 29 2022

According to the third and final assessment of the US Department of Commerce, the country's economy... Read More

Inflation in Germany in September again updated the historical maximum


September, 29 2022

According to preliminary data from the German Federal Statistical Office Destatis, consumer prices... Read More

Apple falls on fears of slowing iPhone 14 demand


September, 28 2022

Apple Inc. shares fell by 3.7% (to $ 146.54) after reports that the company is abandoning plans to... Read More

The German DAX index has fallen to a minimum in two years


September, 28 2022

On Wednesday morning, the main European indices are showing a decline, and the German DAX index... Read More

The yuan has fallen to a minimum in 14 years


September, 28 2022

The Chinese yuan, paired with the US dollar, fell to the lows of 2008 amid signals of weakening... Read More

Iraq: oil may rise to $150 per barrel


September, 27 2022

The price of oil on the world market may reach $150 per barrel in the coming months. This was... Read More

Britain lost $500 billion after Truss was elected prime minister


September, 27 2022

After the appointment of Liz Truss as Prime Minister of the United Kingdom, the British stock... Read More

Gas prices soared after the damage to the Nord Stream


September, 27 2022

According to the trading data, the exchange price of gas in Europe exceeded $1,900 per thousand... Read More

The bitcoin exchange rate has risen above $20 thousand


September, 27 2022

During Tuesday's trading, the bitcoin exchange rate reached its maximum value in more than a week,... 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.