New Week Intro – April 04, 2011
Weekly economic calendar.
Global Macro Perspectives
Weekly economic calendar.
*** 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 ***
Number of crude oil drilling rigs rose for 26; Number of natural gas drilling rigs rose for 11.
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%.
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.
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.