Italian Budget

Daily Overview of Global Markets & the SEE Region (Thursday, December 20, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:The Federal Reserve raised the fed funds rate by a further 25bps to a range of 2.25%-2.50% at this week’s two-day meeting which concluded late yesterday, as expected. The forward guidance in the statement was slightly modified. The Fed reiterated that “further gradual increases in the federal funds rate” will be required noting thought that it is now its  “judgment” rather than its “expectation” that some further rate tightening will...

http://www.allaboutshipping.co.uk/2018/12/20/daily-overview-of-global-markets-the-see-region-thursday-december-20-2018/

Daily Overview of Global Markets & the SEE Region (Thursday, November 22, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: In its updated economic outlook report released yesterday, the OECD said that the global expansion has peaked and revised lower its global GDP growth estimate for 2019 to 3.5% from 3.7% previously, citing continued headwinds from trade tensions, tighter financial conditions and higher oil prices. As was broadly expected, the European Commission took the first step towards initiating an excessive deficit procedure against Italy,...

http://www.allaboutshipping.co.uk/2018/11/22/daily-overview-of-global-markets-the-see-region-thursday-november-22-2018/

The BDI … “stands” the test of time

John Faraclas – picture credits by Georgina Lazaridis

The BDI (Baltic Dry Index) clinches five much needed points – thanks to the “everlasting” Capes’ volatility and now stands at 1,008 points. Geopolitics in red! John Faraclas’ daily briefing:

The culprit …err the Capes “did it” again and with 54 plus points the BCI – now at 1,056 points, saved the day for all…

Panamaxes, Supras and Handies all fell; the BPI was down 23 points at 1,393 – below the 1,400 points threshold; CAUTION!

The BSI was down...

http://www.allaboutshipping.co.uk/2018/11/21/the-bdi-stands-the-test-of-time/

The BDI@1,009: truth is stranger than fiction…

John Faraclas – picture by ecopack77

The BDI (Baltic Dry Index) ended the day with yet another fall; at 1,009 – minus 55 might soon create one of the biggest disasters in shipping’s recent history if it goes below the 1,000 point-threshold, something possible… We have seen the highs of 11,793 on the 20th of May 2008, but also the lows of 662 in December 2008 and 290 on the 10th of February 2016 – the absolute bottom… Brace of the unthinkable… just in case… Geopolitics get sour on all fronts and...

http://www.allaboutshipping.co.uk/2018/11/14/the-bdi1009-truth-is-stranger-than-fiction/

The BDI@1,064: …the plot thickens…

John Faraclas

The BDI (Baltic Dry Index) lost 61 points earlier on today sending alarms around as the Capes … “returned” to triple digit losses. Geopolitics still critical and everything in the Mighty Continent “shifts” to BREXIT and the Italian Budget… whilst all other crucial issues remain unaltered… John Faraclas’ daily briefing:

The Capes’ BCI lost 245 points and now reads 1,153; what next?

Two valuable points for the Panamaxes’ BPI, now up at 1,498 !!!

Losses for both Supras and Handies; the...

http://www.allaboutshipping.co.uk/2018/11/13/the-bdi1064-the-plot-thickens/