New Week Intro – April 04, 2011
Weekly economic calendar.
Daily Reading – Monday, April 4, 2011
*** 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 ***
Rig Count Weekly – April 4, 2011
Number of crude oil drilling rigs rose for 26; Number of natural gas drilling rigs rose for 11.
U.S. Freight Carloads Weekly – April 4, 2011
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%.
Dry Bulk Weekly – April 4, 2011
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.
Tanker Weekly – April 4, 2011
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.
A Week Off
I am taking a break from the markets. Posting will be sporadic at best in the next week .
Good luck with your trading! I’ll be back with first days of April.
Video Of The Day – Bloomberg’s Jaroslovsky Reviews Nintendo 3-D Game Player
Bloomberg’s Rich Jaroslovsky reviews Nintendo’s new 3-D game player. The $250 Nintendo 3DS, which goes on sale in Europe today and the U.S. March 27 is the successor to Nintendo’s DS player. It’s the first mass-market gadget to feature autoscopic 3-D, a three-dimensional display that can be viewed without the need to wear special lenses.
ECRI Weekly Leading Index Up 6.5%
ECRI Weekly Leading Index for week ending March 18, 2011 was reported up 6.5% y-o-y. Prior reading was at 7.1%.
Topping out…
U.S. Freight Carloads Weekly – March 25, 2011
U.S. railroads originated 393,772 carloads, up 2.1% compared with the same week in 2010 and down 3.1% compared with 5-year average. Week over week change was 0.6%.
Daily Reading – Friday, March, 2011
*** The Big Picture: Save the Date: Ben to Hold Regular Pressers ***
*** FT Alphaville: John Kemp dismantles the commodities vs global demand chart ***
*** FT BeyondBRICs: Fund flows: Investors not so hot on EM ***
*** FT Alphaville: Dear RepoClear Member, Re: Portugal ***
*** FT Alphaville: To value a caja, correctly ***
*** FT Alphaville: So long, Saleh ***
*** Seth’s Blog: The triumph of coal marketing ***
*** Foreign Policy: The paintings of Saif al-Qaddafi ***
March University of Michigan Consumer Sentiment Final Reading At 67.5
March University of Michigan Consumer Sentiment final reading was reported at 67.5 vs. 68.0 consensus, 68.2 prior reading and 77.5 February reading.
U.S. GDP Growth in Q4 2010 Revised to 3.1%
U.S. GDP growth for Q4 was revised from 2.8% to 3.1%; consensus was at 3.0%. Q2 reading was at +2.6%.
Daily Reading – Thursday, March 24, 2011
*** The Slope Of Hope: Precious Metals Rocket Ship ***
*** Harvey Organ’s Daily: Silver advances past $37.00/Premium interday on Sprott silver surpasses 23%***
***JESSE’S CAFÉ AMÉRICAIN: Meanwhile In the US: It’s Raining Pennies From Heaven ***
***Visualizing Economics: Real vs Nominal Housing Prices: United States 1890-2010 ***
***FT BeyondBRICs: Technology supply chain: still surviving ***
***FT Alphaville: Charts du jour, European bond yields ***
***FT Alphaville: Calculating the size of a Portugal rescue ***
***FT Alphaville: Plummeting in Iberia ***
***FT Alphaville: Bond buyback irony in Europe ***
***Macro Man: Euro Vinegarette ***
***Economics of Contempt: Goldman, the Volcker Rule, and Principal Investing ***
U.S. Durable Goods New Orders Fell 0.9% In February
Durable goods new orders fell 0.9% in February vs. 1.2% consensus and 3.6% revised rise in January (revised upwards from +2.7%).