Stock Markets

Daily Overview of Global Markets & the SEE Region (Friday, October 5, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Market focus today is on the US non-farm payrolls report for September, and mostly, on average hourly earnings which are expected to rise by 0.2%mom pushing the annual growth rate to 2.8% from 2.9% in the prior month. Awaiting the key US report, US Treasury bond yields were lower today after US-China trade tensions flared up again following comments by US Vice President Mike Pence accusing China of trying to interfere in the midterm...

http://www.allaboutshipping.co.uk/2018/10/05/daily-overview-of-global-markets-the-see-region-friday-october-5-2018/

The BDI@1,536: you cannot fight against the future*

John Faraclas

The BDI (Baltic Dry Index) ended up this week with minus 18 points, another double digit loss following yesterday’s minus 20 points… It was down four points since last Friday the 28th of September when the BDI stood at 1,540… A bit of odd figures as you will read herebelow; they don’t correlate at all both with the rates as well with the indices ups and downs…The Geopolitics continue to worsen. John Faraclas’ daily and weekly recaps:

The volatile Capes lost 67 points and the BCI now...

http://www.allaboutshipping.co.uk/2018/10/05/the-bdi1536-you-cannot-fight-against-the-future/

Daily Overview of Global Markets & the SEE Region (Thursday, October 4, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Fuelled by strong US macroeconomic data, the 10-yr UST yield rose to a seven-year high of 3.23% in Asian trade on Thursday, marking the steepest daily increase since the US presidential election in November 2016, in what could be considered an overreaction to the data as stop loss orders were triggered across the futures market. In FX markets, the US dollar firmed on robust US data releases and Fed Chair Powell’s optimistic view on...

http://www.allaboutshipping.co.uk/2018/10/04/daily-overview-of-global-markets-the-see-region-thursday-october-4-2018/

Falling BDI@1,554 “thanks” to the Capes’ volatility…

John Faraclas

The BDI (Baltic Dry Index) fell earlier on today 20 points; it was an expected result following yestedays perplexed figures… the Geopolitical and mainly economic chaos and environmental “concerns” all over Planet Ocean will affect everything. John Faraclas’ brief daily recap:

The Capes’ BCI lost 51 points and now stands at 2,148 – still a good level, but… The most volatile of all indices sends alarms around…CAUTION

A bit of good news from the Panamaxes; a good 27 points plus recovery...

http://www.allaboutshipping.co.uk/2018/10/04/falling-bdi1554-thanks-to-the-capes-volatility/

Daily Overview of Global Markets & the SEE Region (Wednesday, October 3, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: According to Italian press reports, following budget talks late yesterday between Prime Minister Guiseppe Conte, the two Deputy Prime Ministers, Luigi Di Maio and Matteo Salvini, and Finance Minister Giovanni Tria, the government might decide to lower the budget deficit target for 2020 and 2021 to 2.2% of GDP and 2.0% of GDP, respectively, compared to the initial announcement of a 2.4% of GDP deficit target for each year. In reaction...

http://www.allaboutshipping.co.uk/2018/10/03/daily-overview-of-global-markets-the-see-region-wednesday-october-3-2018/

Capes’ contained rise and perplexed figures rule the day… plus the 2020 saga

John Faraclas

The BDI (Baltic Dry Index) gained four points and now stands at 1,574; Geopolitics in total mess and the Environment another issue to be appropriately tackled… John Faaclas’ daily recap:

The Capes’ BCI was up 51 points and now stands at 2,199… Are the capes sustainable or just volatile, or another bubble? We shall see…

Just one point plus for the Panamaxes’ BPI now at 1,679 points; caution…

The Supras too on one point; the BSI managed to clinch  this one very special point and now...

http://www.allaboutshipping.co.uk/2018/10/03/172713/

Daily Overview of Global Markets & the SEE Region (Tuesday, October 2, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Market concerns about escalating tensions between the Italian government and the EU are mounting. 10-yr Italian government bond yields rose further in early European trade on Tuesday hitting a 4½  year high of 3.44% while the EUR remained under pressure marking an intraday low of 1.1523 against the USD earlier today, the lowest since 21 August. No major data releases are due for release today with market focus turning to a speech by...

http://www.allaboutshipping.co.uk/2018/10/02/daily-overview-of-global-markets-the-see-region-tuesday-october-2-2018/

Capes’ volatility might shake the Markets…

John Faraclas

The BDI (Baltic Dry Index) gained another 15 points earlier on today and now stands at 1,570; the Geopolitics are turning sour! Ultra-CAUTION should be observed. John Faraclas’ daily briefing:

The Capes increased its fortunes by another 87 points and now the BCI reads 2,148 points…

On the antipode the Panamaxes BPI fell 14 points and now stands at 1,678 points, increasing its fall from the previous days…

The Supras’ BSI lost four points and now at 1,189 maintains a safe margin so to...

http://www.allaboutshipping.co.uk/2018/10/02/capes-volatility-might-shake-the-markets/

Wärtsilä redesigns organisation to enhance customer value

Wärtsilä Corporation, 1 October 2018 at 9.30 a.m. EEST – The technology group Wärtsilä has decided to reorganise into two business areas, Wärtsilä Marine Business and Wärtsilä Energy Business, covering both new sales and services for the respective markets. With this change, Wärtsilä aims to deliver increased value to its customers by better serving their needs across the full lifecycle. The new organisational structure will be operational as of 1 January 2019.

Forming two business areas will...

http://www.allaboutshipping.co.uk/2018/10/01/wartsila-redesigns-organisation-to-enhance-customer-value/

Daily Overview of Global Markets & the SEE Region (Monday, October 1, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Market concerns about Italy’s public finances stability prevail. Against this background, investors continued to demand a higher credit risk premium on Italian government bonds while the EUR/USD was hovering in early European trade within distance from Friday’s two-week intraday low of 1.1566. Elsewhere, the CAD was among the main outperformers in FX markets on news that Canada was to join the US and Mexico to form a revised NAFTA...

http://www.allaboutshipping.co.uk/2018/10/01/daily-overview-of-global-markets-the-see-region-monday-october-1-2018/

+ More