April HSBC/Markit China PMI At 49.1
HSBC/Markit PMI rose from 48.3 to 49.1.
Large discrepancy between HSBC/Markit and “official” PMI. Looks like a slight overreaction by the markets (if we view this in isolation).
Dry Bulk Weekly – April 23, 2012
Baltic dry index rose 9.8% last week; Capesize Index was down 2.5%; Panamax Index rose 28.4%; Supramax Index was up 9.0%; Handysize Index rose 4.1%.
Iron ore inventory at Chinese ports fell in the recent weeks; price pretty much unchanged. Steel stockpiles fell from all time-high, but remained at elevated levels while price remained flat. Thermal coal inventory fell further, price moved a bit higher lower.
I didn’t post for a while, but nothing material happened in the shipping markets during that time.
March HSBC/Markit China PMI At 48.1
HSBC/Markit PMI fell from 49.6 to 48.1.
Tanker Weekly – March 12, 2012
Baltic Dirty Tanker Index rose 3.5%; Baltic Clean Tanker Index fell 3.1%.
Dry Bulk Weekly – March 12, 2012
Baltic dry index rose 6.9% last week; Capesize Index was down 1.4%; Panamax Index rose 5.3%; Supramax Index was up 16.0%; Handysize Index rose 7.3%.
Iron ore inventory at Chinese ports close to all-time high; price pretty much unchanged. Steel stockpiles spiked upwards while price remained flat. Thermal coal inventory fell from a all-time high reached this year, price moved lower.
February Nonfarm Payrolls Rose 227.000; Private Payrolls Up 233.000; Unemployment Rate At 8.3%
Nonfarm payrolls rose 227.000 in February; Consensus was at 210.000; January reading was an increase of 284.000 (revised up 41.000). Unemployment was reported at 8.3% vs. prior reading and consensus of also 8.3%.
Private payrolls were up 233.000 vs. 225.000 consensus and 285.000 reading in January (revised up 28.000).
Strong set of figures.
U.S. GDP Growth in Q4 2011 Revised To 3.0%
U.S. GDP growth for Q4 was revised yesterday from 2.8% to 3.0%; consensus was at 2.8%. Q3 2011 reading was at 1.8%.
China Official PMI For February At 51.0
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI rose form 50.5 to 51.0. Consensus was at 50.9.
HSBC/Markit PMI was reported earlier at 49.6 rising from January reading 48.8.
Dry Bulk Weekly – February 20, 2012
Baltic dry index rose 0.3% last week; Capesize Index was also up 0.3%; Panamax Index fell 1.9%; Supramax Index was down 0.6%; Handysize Index rose 3.6%.
Iron ore inventory at Chinese ports close to all-time high; price pretty much unchanged. Steel stockpiles spiked upwards while price remained flat. Thermal coal inventory moved to all-time high, price moved lower.
Dry Bulk Weekly – February 6, 2012
Baltic dry index fell 10.9% last week and has reaching all-time low; Capesize Index was down 2.0%; Panamax Index fell 15.0%; Supramax Index was down 12.5%; Handysize Index fell 10.3%.
Daily Reading – Thursday, February 2, 2012
FT Alphaville: US unemployment “progress”
FT Alphaville: That Eurozone repo contraction, charted
FT Alphaville: The word from Zug – Xstrata confirms Glencore approach
Sober Look: Copper inventories shift from LME to SHFE
Tech Crunch: You Know What’s Cool? $1 Billion In Profits
FT BeyondBRICs: IMF to Argentina: so close, yet so far
FT BeyondBRICs: Brazil’s Vale: no more “no comment”?
Calculated Risk: U.S. Light Vehicle Sales at 14.18 million annual rate in January
ECRI Weekly Leading Index Recovering
ECRI Weekly Leading Index for week ending January 20, 2012 was reported down 6.5% y-o-y. Prior reading was at -7.6%.
Daily Reading – Friday, January 27, 2012
FT Alphaville: SocGen: hedgies short euro against dollar “like never before”
FT Alphaville: Portugal, back in the frame
FT Beyond BRICs: China: digger sales in the ditch
The Big Picture: Average Correlation of S&P 500 (1986-2012)
The Big Picture: The Shift from Manufacturing to Service Economy
U.S. GDP Growth in Q4 2011 At 2.8%
U.S. GDP growth for Q4 was reported at 2.8%; consensus was at 3.0%. Q3 2011 reading was at 1.8%.
U.S. Petroleum Weekly – January 26, 2012
Crude stocks rose 3.5 million barrels; Gasoline stocks were down 0.4 million barrels; Distillate stocks fell 2.5 million barrels; Propane/propylene stocks fell 0.5 million barrels; Other oils stocks fell 2.5 million barrels; Total crude oil and petroleum stocks were down 4.3 million barrels.