· Ukraine-Russia tensions escalate as Ukrainian President Volodymyr Zelensky says a large-scale Russian offensive is under way in the eastern Donbas region
· The World Bank estimate for global growth in 2022 has been trimmed to 3.2% from a January prediction of 4.1%
· Growing concerns over Chinese lockdowns and slowing global growth means Hong Kong stocks fell steeply. S&P500 and The Nasdaq showing muted reactions so far
· The...
Markets “hit” back- the [email protected],137; the Ukrainian mess will continue and, possibly, might spill over… whilst COVID expands uncontrollably. Wonder what contingency plans are in place to confront the coming Armageddon. Thank the Olympian Gods we had a unique Marine Money Conference, a very special Indian National Maritime Day and a few more events… John Faraclas’ daily and weekly recap:
The BDI (Baltic Dry Index) was up 69 points since yesterday at 2,137 and 82 since last week’s...
https://allaboutshipping.co.uk/2022/04/15/what-a-week-that-was/
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
‘’After another super-hot reading of prices, consumers and companies are bracing themselves for a fresh squeeze on their budgets, as there is little sign of the inflationary pressure cooker cooling off just yet. The only way is up for inflation, with the UK snapshot for March coming in at 7% and in the US the CPI reading hitting a 41 year high at 8.5%. The steepest rises in a generation have unsettled...
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
’That sinking feeling has now hit shares in Europe after falls on Wall Street amid concerns that inflationary pressures are still mounting and growing evidence that consumer confidence is suffering amid the cost of living squeeze.
The FTSE 100 and FTSE 250 have opened lower, but there were sharper falls on the DAX in Germany and the CAC 40 in Paris. Worries are resurfacing about an escalation of the war...
11 April 2022 – Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
‘’The UK economy is already showing signs of fresh fragility in its latest health check, which is far from surprising given that in February the world veered from one crisis to another. It eeked out just 0.1% growth during the month, and that was despite a leap in demand for travel, with increases in tour operator travel agency and other related activities surging by a third (33.1%) on...
The BDI (Baltic Dry Index) approached the danger zone, that of 2,000 points as the fall continued all through the week. Wets as always volatile and peculiar. The Ukrainian mess and damage for humanity will need, at least a generation to “heal” to all intents and purposes; and there is more to come from the spill over. SHAME! Covid spreads again as politicians’ hallucinations “made” them medical scientists… John Faraclas’ daily and weekly recap:
The BDI lost six points since...
Commenting on today’s market news, Steve Clayton, HL Select fund manager said:
All in all it is a...
4 April 2022 – Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
‘’As the uneasy stalemate continues between Russia and European nations about energy supplies, the price of oil has crept up again today to above $105 a barrel, as worries remain about the much tighter supply of crude on world markets. The unprecedented release of US oil reserves in a drip drip daily strategy over the coming months, had lowered prices, and the two-month truce in Yemen...
THE DAILY UPDATE – Saturday 2 April 2022
Why the labour market won’t fuel US inflation
By Julian Jacobs
Despite low unemployment and high inflation, fears that tight labour markets will drive inflation higher are misplaced. Five elements have been vital to the reduction of worker power since the 1970s and are responsible for the considerable productivity-pay gap in the US. The great danger of this bout of inflation is that salaries will not increase fast enough, while panic about rising wages will...
Friday, April 1, 2022
Monaco’s Orthodox worshippers venerate 13th Century Icon
One of the Orthodox Church’s most holy and ancient icons visited Monaco on Thursday, March 31, an occasion that had been planned for several weeks…
Europe’s Russian gas in jeopardy as Ukraine braces
President Vladimir Putin threatened on Thursday to halt contracts supplying Europe with a third of its gas unless they are paid in Russian currency, his strongest economic riposte…
https://allaboutshipping.co.uk/2022/04/01/worshippers-venerate-visiting-icon/