New Week Intro – April 04, 2011
Weekly economic calendar.
Archive for April 4th, 2011
Daily Reading – Monday, April 4, 2011
*** FT Alphaville: Michael Pettis on China’s useless banks ***
*** FT Alphaville: The hidden slide of Japanese business sentiment ***
*** FT Alphaville: Some circumstantial copper evidence ***
*** FT Alphaville: Head in the clouds at Autonomy ***
*** The Big Picture: WaPo: Anticipating the Next Black Swan ***
*** The Big Picture: 60 Minutes: The Next Housing Shock ***
*** FT BeyondBRICs: Week ahead: April 4-9 ***
Rig Count Weekly – April 4, 2011
Number of crude oil drilling rigs rose for 26; Number of natural gas drilling rigs rose for 11.
U.S. Freight Carloads Weekly – April 4, 2011
U.S. railroads originated 299,903 carloads, up 2.3% compared with the same week in 2010 and up 0.4% compared with 5-year average. Week over week change was 2.1%.
Dry Bulk Weekly – April 4, 2011
Baltic dry index fell 4.1% last week; Capesize Index was down 0.7%; Panamax Index fell 7.4%; Supramax Index was down 5.7%; Handysize Index was up 0.9%.
Strong coal demand in China and increased iron ore demand ahead India monsoon season could support rates. Beside that the market is well supplied and nothing major happening.
Tanker Weekly – April 4, 2011
Baltic Dirty Tanker Index fell 2.8%; Baltic Clean Tanker Index rose 0.7%.
Activity increased on Libyan oil substitution, rated steady despite more demand.