Global Macro Perspectives
Well, the time has come to put the money on the table. The problem is that the amount promised has to probably be multiplied by a factor of 3 to be enough to finance Greek budget deficit and refinance Greek public debt, to only subsequently result in an wasted time and money. Again, only principal […]
And the earnings season kicks off… Important U.S. earnings this week: Monday: Alcoa (AA), PacWest Bancorp (PACW), JB Hunt Transport Services (JBHT), Polycom (PLCM), Heartland Express (HTLD) Tuesday: Intel Corporation (INTC), Westamerica Bancorp (WABC), Linear Technology (LLTC), Fastenal (FAST), Healthcare Services Group (HCSG), CSX (CSX) Wednesday: JPMorgan Chase & Co. (JPM), ADTRAN (ADTN), W.W. Grainger […]
Baltic dry index fell 2.6% last week. Panamax and Supramax Index ended in positive territory while Capesize and Handysize Index ended in negative territory. Chinese steel mills are quite unhappy with the new iron ore price setting mechanism and especially iron ore price. Their efforts are to substitute Brazilian and Australian iron ore with Indian […]