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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.

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: November 12


November, 12 2024
watermark Economic news

  • Bitcoin almost reached the $89,000 mark this night. Trump has already approved cabinet members who support cryptocurrencies in order to fulfill his promise to turn the United States into the «cryptocurrency capital of the world.» Over the past week, $765 billion has entered the digital asset sector, and now bitcoin has overtaken silver, becoming the eighth largest asset by capitalization.


  • Trump plans to appoint Mike Waltz, a well-known critic of NATO and aid to Ukraine, as his national security adviser. Waltz takes a tough stance towards China and often rebukes U.S. allies for low defense spending, skeptical of Kiev's military support.


  • The European Union is ready to release €392 billion from its budget to increase military spending. Brussels plans to notify member countries about the possibility of using these funds for the development of the defense industry, instead of purchasing ready-made weapons. This amount is provided for in the EU budget plan for 2021-2027 for the elimination of economic inequality, but less than 5% of it has been spent over the years.


  • North Korea has ratified the Comprehensive Strategic Partnership Agreement with Russia. The corresponding decree was signed by the leader of the DPRK, Kim Jong-un. According to the document, the countries undertake to immediately provide military assistance in the event of an armed attack on one of them.


  • Gold prices on the world market fell to a monthly low of $2,613 per troy ounce. In less than two weeks, the quotes have decreased by more than 7% relative to the historical maximum on October 30. The fall in the value of gold occurs against the background of a significant depreciation of other precious metals.

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