Global Macro Perspectives
*** Slope Of Hope on equity market prospects *** FT Alphaville reviews BIS data on European banks peripheral exposure *** FT Alphaville on BIS European banks peripheral exposure again *** FT Alphaville on ECB European peripheral bond buying *** FT Alphaville on Ireland GDP growth *** FT BeyondBRICs on China – Africa trade flows *** Calculated Risk on U.S. negative equity properties ***
Number of crude oil drilling rigs fell for 21; Number of natural gas drilling rigs fell for 13.
On world scale number of drilling rigs rose for 68 rigs in December. Bulk of the gains coming from North America.
*** The New York Times on derivatives trading monopoly *** The Economist pools forecasters *** The Economist on nuclear power reactors *** FT Alphaville on EFSF *** FT Alphaville on POBC not raising interest rates *** CLSA via. Zero Hedge on China 2011 outlook *** CLSA via. Zero Hedge on Chinese inflation *** Can Turtles Fly? on John Maynard Keynes as an investor *** The Big Picture on credit collapse *** The Big Picture on FDIC bank failures *** The Big Picture on other people opinions *** The Big Picture on Irish bankers *** FT BeyondBRICs weekly calendar ***
Baltic dry index fell 3.4% last week; Capesize Index was down 9.7%; Panamax Index fell 1.1%; Supramax Index rose 4.8%; Handysize Index was up 1.7%.
Iron stockpiles ticked up a bit; Steel inventory falling.
** China NDRC Property Price Index ** China Trade Balance; Export & Import Growth ** China Monetary Aggregates ** China New Loan Issuance ** Consumer & Producer Price Indexes ** China Retail Sales Growth ** China Fixed Assets Investment **
Baltic Dirty Tanker Index rose 6.7%; Baltic Clean Tanker Index rose 1.4%.
Oil price action and sentiment spilling over to tanker market. No change in supply/demand fundamentals; abundance of available ships.
U.S. railroads originated 303,507 carloads, up 19.4% compared with the same week in 2009 and down 1.8% compared with 5-year average. Week over week change was +19.4%.
Weekly economic calendar.