Markets

Daily Overview of Global Markets & the SEE Region (Thursday, 18 July, 2019)

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Daily Overview of Global Markets & the SEE Region (Thursday, 18 July, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:  Market participants returned to risk-off mode today with Asian bourses performing poorly and European equity markets opening lower amid fears over a further escalation in the US/China trade dispute. Market concerns that the prolonged US/China trade dispute could hurt corporate earnings and disappointing data yesterday from both sides of the Atlantic, have...

http://www.allaboutshipping.co.uk/2019/07/18/daily-overview-of-global-markets-the-see-region-thursday-18-july-2019/

Towards new ‘de facto’ gold standard, British and German economic and financial diplomacy

Towards new ‘de facto’ gold standard, British and German economic and financial diplomacy

Commentary: Towards new ‘de facto’ gold standard

By Willem Middelkoop in Aerdenhout

China wants to increase in the shortest time possible its gold reserves to at least 8,000 tonnes. This would put the country on par, in terms of the its gold to GDP ratio, with the US and European Union. Should the need arise, this could open the way for a joint US-EU-China gold revaluation to support the financial system....

http://www.allaboutshipping.co.uk/2019/07/18/towards-new-de-facto-gold-standard-british-and-german-economic-and-financial-diplomacy/

Think Piece Issue no.2 – The Emerging Africa

Think Piece Issue no.2 – The Emerging Africa

Think Piece #2 has just been published!

Following the launch of our digital series of summaries of the main topics and issues raised during our annual meeting, the onstage conversation on “The Emerging Africa” is now online.

Anna Diamantopoulou, President of DIKTIO Network, and Olusegun Obasanjo, former President of the Republic of Nigeria, accompanied by the Algerian Ambassador to the Hellenic Republic, Noureddine Bardad-Daïdj, shared a panel...

http://www.allaboutshipping.co.uk/2019/07/17/think-piece-issue-no-2-the-emerging-africa/

Daily Overview of Global Markets & the SEE Region (Wednesday, 17 July, 2019)

Daily Overview of Global Markets & the SEE Region (Wednesday, 17 July, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:  Asian bourses performed quite poorly overnight and European equity markets opened in the red earlier today, as investors await more earnings reports from US corporates and renewed trade uncertainty hurts market sentiment. Turning to fixed income markets, US Treasuries were little changed on the day following yesterday’s mixed US data releases. Retail sales...

http://www.allaboutshipping.co.uk/2019/07/17/daily-overview-of-global-markets-the-see-region-wednesday-17-july-2019/

Trump’s unsound dollar intervention idea, Are financial services prepared for a no-deal Brexit?

Trump’s unsound dollar intervention idea, Are financial services prepared for a no-deal Brexit?

Commentary: Trump’s unsound dollar intervention idea

By Mark Sobel in Washington

Markets are abuzz with rumours President Donald Trump will order the US Treasury to intervene in foreign exchange markets to weaken the dollar. On neither economic nor operational grounds is there a good case for intervention. The Trump administration has ramped up currency market aggression, constantly – and wrongly –...

http://www.allaboutshipping.co.uk/2019/07/17/trumps-unsound-dollar-intervention-idea-are-financial-services-prepared-for-a-no-deal-brexit/

The BDI@2,011 …and time to celebrate before the storm…*

John Faraclas

The BDI@2,011 …and time to celebrate before the storm…*

The BDI (Baltic Dry Index) finally “did it”… surpassing the 2,000 points threshold and indeed under the circumstances is a milestone… Geopolitics still perplexed, explosive but very much interesting… John Faraclas’ brief recap:

With 83 points plus – thanks to the Capes and Panamaxes good performance the BDI managed to go over and above the 2,000 points, the figure-lever we were expecting since yesterday…

The Capes’ BCI gained 244...

http://www.allaboutshipping.co.uk/2019/07/16/the-bdi2011-and-time-to-celebrate-before-the-storm/

‘Japanification’ of monetary policy, OMFIF’s Summer Bulletin

‘Japanification’ of monetary policy, OMFIF’s Summer Bulletin

Commentary: ‘Japanification’ of monetary policy

By Neil Williams in London

Rising populism, the exacerbation of economic inequality by quantitative easing, and calls for the reversal of globalisation point to a possible paradigm shift that could prove as forceful as the fall of communism in 1989 or even the establishment of the ‘new world order’ after 1945. Policy-makers appear ill-equipped to deal with this.

Their traditional reaction...

http://www.allaboutshipping.co.uk/2019/07/16/japanification-of-monetary-policy-omfifs-summer-bulletin/

Daily Overview of Global Markets & the SEE Region (Monday, 15 July, 2019)

Daily Overview of Global Markets & the SEE Region (Monday, 15 July, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:  Notwithstanding Fed Chair Jerome Powell’s unambiguously dovish tone at his semi-annual testimony mid-last week, US Treasury yields continued to rise in early trade today, amid reduced expectations for an aggressive 50bps rate cut at the 30-31 July FOMC meeting following the firmer-than-expected US June core inflation report late last week. Along these lines,...

http://www.allaboutshipping.co.uk/2019/07/15/daily-overview-of-global-markets-the-see-region-monday-15-july-2019/

The BDI@1,816 makes waves… but Geopolitical CAUTION is advised… whilst WISTA-UK celebrates its 45th Anniversary

John Faraclas

The BDI@1,816 makes waves… but Geopolitical CAUTION is advised… whilst WISTA-UK celebrates its 45th Anniversary

The BDI (Baltic Dry Index) reach new heights with the Panamaxes and Capes performing well despite international tension and rise of the WTI… WISTA’s UK  45th Anniversary more than touching but also spectacular. John Faraclas’ brief daily recap:

The Capes were up 55 points and the BCI now stands at 3,416 points.

The Panamaxes’ BPI was up 90 points and now stands at 1,881 a...

http://www.allaboutshipping.co.uk/2019/07/11/the-bdi1816-makes-waves-but-geopolitical-caution-is-advised-whilst-wista-uk-celebrates-its-45th-anniversary/

Oslo Børs Monthly Statistics June 2019

Oslo Børs  Monthly Statistics June 2019

12/07/2019 – The monthly statistics report for the Oslo Børs equity markets is published. The report includes information about listed shares on Oslo Børs, Oslo Axess and Merkur Market for the month of June 2019.

The monthly report for the equity markets includes a full overview of the turnover on Oslo Børs, Oslo Axess and Merkur Market through June 2019. It also includes information about winners and losers, most traded and other key figures for all...

http://www.allaboutshipping.co.uk/2019/07/12/oslo-bors-monthly-statistics-june-2019/

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