Global Macro Perspectives
(For The Week Ending September 3, 2010) Number of crude oil drilling rigs fell for 7; Number of natural gas drilling rigs rose for 4. 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
(For The Week Ending August 27, 2010) U.S. railroads originated 302,358 carloads, up 8.2% compared with the same week in 2009, but down 8.1% compared with 5-year average. Week over week change was +1.2%. Chart 1. Association of American Railroads U.S. Freight Carloads Total
Important U.S. earnings this week: Monday: Urstadt Biddle Properties (UBA) Tuesday: Phillips-Van Heusen (PVH), Casey’s General Stores (CASY), NCI Building Systems (NCS) Wednesday: The Men’s Wearhouse (MW), Shuffle Master (SHFL), Pep Boys – Manny, Moe & Jack (PBY), CIENA (CIEN), United Natural Foods (UNFI), Hi Tech Pharmacal (HITK), Smithfield Foods (SFD), AeroVironment (AVAV) Thursday: National […]
Baltic dry index rose 6.0% last week; Capesize Index was up 14.1%; Panamax Index rose 4.8%; Supramax and Handysize Indexes lost 5.5% and 1.2% respectively. China steel prices ticking up, bringing some demand to the shipping markets. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. Baltic Dry Index Chart 3. Baltic Dry Index Components […]