Global Macro Perspectives
Chicago Fed National Activity Index for April was reported at -0.45 vs. revised March reading of 0.32. Chicago Fed National Activity Index 3-month moving average is at -0.12.
CFNAI is pointing to mild economic growth.
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Baltic Dirty Tanker Index rose 0.5%; Baltic Clean Tanker Index fell 6.9%.
Baltic dry index rose 3.3% last week; Capesize Index was up 11.2%; Panamax Index fell 3.1%; Supramax Index was down 1.4%; Handysize Index fell 1.0%.
Thermal coal stockpiles are unchanged at extremely low levels; Steel stockpiles also unchanged but stocks high; Iron ore stockpiles near record high. Prices strong.