Archive for June 21st, 2010

Rig Count Weekly June 7, 2010

Number of oil drilling rigs rose for 13 for the week ending June 18, 2010;  Number of natural gas drilling rigs fell for 1 rig in the same time frame. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes Monthly World Rig Count ose

New Week Intro June 21, 2010

Important U.S. earnings this week: Monday: CKE Restaurants (CKR), Sonic (SONC), Herman Miller (MLHR), Palm (PALM) Tuesday: Walgreen (WAG), Red Hat (RHT), HB Fuller (FUL), Gerber Scientific (GRB), Stanley (SXE), Jefferies Group (JEF), Jabil Circuit (JBL), Commercial Metals Company (CMC), Carnival (CCL), Apogee Enterprises (APOG), Adobe Systems (ADBE), Progress Software (PRGS) Wednesday: Nike (NKE), CarMax […]

Dry Bulk Weekly – June 21, 2010

Baltic dry index fell 18.1% last week; The hardest hit, again, were Capesizes with 26.7% loss. Panamaxes lost 11.3% ; Supramaxes and Handysizes lost 7.4% and 6.5%. China and Taiwan were on holiday from Monday to Wednesday, seasonal weakness and new-buildings hitting the markets all contributed to the dry freight rates falling. Will we have more than a seasonal weakness remains to […]

Chinese Yuan Flexible?

Everybody looking only on the China central bank announcement on yuan flexibility. My take, it will prove to be a fake and even contrarian indicator. Media all over the story. Exchange rate didn’t move, non-deliverable futures did, one year pricing a big 2.8%. Yeah, a 2.8% move makes a difference. Bloomberg story on the aspects of the announcement: China’s Hu […]

Tanker Weekly – June 21, 2010

Baltic Dirty Tanker Index rose 1.4%; Baltic Clean Tanker Index rose 5.9%. Steady supply of vessel keeps rates low, and the market action is slow. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes


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