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China's consumer prices boosted by weather disruptions; domestic demand still soft​

  • July CPI up 0.5% y/y vs June +0.2%, PPI -0.8% y/y vs June -0.8%
  • CPI uptick comes as Beijing boosts support for weak consumer sector
  • Overall data outcome backs expectations for more stimulus
  • Strain on exports, soft domestic demand raise policy challenge
BEIJING, Aug 9 (Reuters) - China's consumer prices rose at a slightly faster-than-expected rate in July partly due to weather disruptions to food supplies, while producer deflation persisted, keeping the country's underlying consumption trends soft in a test for policymakers.

China's frail consumer sector has been a major focus for Beijing as weak domestic demand hobbles the world's second-biggest economy while manufacturing activity shrinks.

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Bancosta Week 31

Fearnleys Week 32

Drewry WCI 08 Aug
www.drewry.co.uk

World Container Index - 05 Sep

05 Sep 2024: Drewry’s World Container Index decreased 8% to $4,775 per 40ft container this week.
www.drewry.co.uk www.drewry.co.uk

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Friday, September 6, 2024.
tradingeconomics.com tradingeconomics.com
 
splash247.com

Massive explosion rocks Yang Ming boxship at berth in Ningbo - Splash247

An explosion occurred on the boxship YM Mobility at a container terminal in the Beilun Port area of Zhoushan Port. The cause of the accident was initially determined to be an explosion of a container on the ship, and there were no reports of casualties. According to timestamps from surveillance...
splash247.com splash247.com

splash247.com

Delta suezmax attacked four times in 24 hours by the Houthis - Splash247

Delta Blue, a suezmax belonging to Greece’s Delta Tankers, has been attacked four times in the space of 24 hours by the Houthis. While the Houthis have targeted more than 120 ships in their 10-month campaign in solidarity with Palestinians, the targeting of the Delta Blue stands out for the...
splash247.com splash247.com
 

Closing Markets 8-9-24 | Are the Markets Too Bearish Heading Into the WASDE?​

Row crops ended lower on Friday with wheat, cattle and hogs to the plus side. New crop corn and soybeans continue to crack out new contract lows. Oliver Sloup, Blue Line Futures, says the markets are preparing for higher yields in the August WASDE and he discusses how much bearishness is priced in.


10:46
 

U.S. Farm Report 08.09.24 Roundtable 1​


5:09
 
www.freightwaves.com

Unexpectedly strong import wave keeps rolling through peak season

Inventory pull-forward has been the driving theory behind container import growth, but data suggests that may not be as true as people think. What are the implications to domestic transportation
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

Borderlands Mexico: Industry heavyweights drill down on trade at Laredo summit

This week in Borderlands: Laredo summit highlights critical trade issues around security, transportation; BSH Home Appliances launches $240M factory in Monterrey; $132M inland port planned for Celaya, Mexico; and Green
www.freightwaves.com www.freightwaves.com
 

AMERICAS Markets pray inflation stays well behaved​

August 12, 2024 6:02 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Off-radar for much of the past week's market turbulence, U.S. inflation updates this week will reveal just how much latitude the Federal Reserve has to meet pumped-up expectations around its first interest rate cut next month.

Helped in part by Monday's holiday in Tokyo - the epicenter of much of the recent volatility explosion - calmer world markets were barely recognizable from last Monday's wild ride.

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Take Five: Cruel summer​

LONDON, Aug 12 (Reuters) - Global markets are having a torrid time of late as U.S. recession fears creep back in and the effects of the yen's sudden surge ripple out.

U.S. inflation numbers, the latest Japanese economic data and a slew of UK data could give investors a fresh steer.

Here's your guide to the week ahead in financial markets from Ira Iosebashvili in New York, Rae Wee in Singapore and Dhara Ranasinghe, Samuel Indyk and Amanda Cooper in London.

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Morning Bid: Market lull as PPI eyed, Nikkei returns to base​

August 13, 2024 6:09 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Much like Wall Street's rapid healing on Friday, Japanese stocks completed their week-long, hair-raising round trip on Tuesday as Tokyo markets returned from holiday, wiped out the remainder of last week's losses and nudged the yen lower.

The 3.5% surge in the Nikkei 225 (.N225), opens new tab - a source of much of last week's wild volatility - brought it back above the close on Friday Aug 2.

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Morning Bid: US clears inflation decks, NZ cut surprises​

August 14, 2024 6:15 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Feeding off impressive disinflation and a growing list of central bank interest rate cuts around the world, global stocks and bonds are rallying anew - with today's U.S. consumer price update set to clear the deck for Fed easing next month.

Helped by a benign producer price readout and the VIX volatility gauge (.VIX), opens new tab subsiding back below its 30-year mean, Wall Street indexes (.SPX), opens new tab, (.IXIC), opens new tab roared higher again on Tuesday and futures held the move ahead of the CPI report.

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Escondida strike: Could a union halt production at the world's biggest copper mine?​

  • Escondida union unafraid to push hard in pay talks
  • 44-day strike in 2017 drove up copper prices
  • Cashed up union stronger now than in 2017
SANTIAGO, Aug 13 (Reuters) - A powerful workers union behind a strike at BHP's (BHP.AX), opens new tab huge Escondida mine, which produced nearly 5% of the world's copper in 2023, is looking to snarl production at the site as it pushes for a bigger share of profits.

The union, which launched a strike on Tuesday, has paralyzed the world's largest copper mine before and driven up global copper prices. This time, much depends on how quickly negotiations can unlock the standoff.

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Scrap Metal Market Update: Copper Stabilizes, Gold Surges, Steel at 2024 Lows​

In this video, the iScrap App provides a comprehensive update on the current state of the scrap metal markets. As we approach the end of summer, we see signs of stabilization in some areas, but challenges remain across the board. We'll dive into the latest copper, aluminum, stainless steel, and other key metals trends, highlighting what to watch for in the weeks ahead.
👉 Read more: https://iscrapapp.com/blog/weekly-scr...


21:42
 

Morning Bid: Doldrums at last, with US retail and China housing in focus​

August 15, 2024 6:08 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

With the inflation picture under control and market volatility back in its box, summer trading doldrums may well resume as long as the U.S. retail picture holds up later on Thursday.

The extraordinary round-trip for Wall Street's VIX volatility gauge (.VIX), opens new tab was more or less complete on Wednesday as a benign U.S. consumer price report underscored bets the Federal Reserve will start easing next month - even if that is more likely just a quarter point rate cut rather than a half.

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Terminal Ownership | Shifts in Terminal Operator Rankings & Consolidation of Global Terminals​

Aug 15, 2024 #supplychain #containerships #terminals

In this episode, Sal Mercogliano - a maritime historian at Campbell University (@campbelledu) and former merchant mariner - discusses the recent report by Drewry's on the significant shift in Terminal Operator Rankings.


7:50


- Drewry Analysis Reveals Significant Shifts in Terminal Operator Rankings https://gcaptain.com/drewry-analysis-...
- Leading group of seven major operators accounted for over 40% of global port handling in 2023 https://www.drewry.co.uk/maritime-res...
- DP World Reports Modest Revenue Growth Despite Challenges https://gcaptain.com/dp-world-reports...
- Maersk Warns of Potential Supply Chain Disruptions as U.S. Labor Strike Looms https://gcaptain.com/maersk-warns-of-...
- Possible U.S. Port Strike Could Back Up Goods for Months https://gcaptain.com/possible-u-s-por...
- India braces for indefinite nationwide port strikes https://splash247.com/india-braces-fo...
 

Morning Bid: With US economy humming, a quarter point will do​

August 16, 2024 6:17 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

The U.S. economy is doing just fine and markets now accept a quarter-point rate cut from the Federal Reserve next month will be enough to get the easing cycle going as disinflation resumes.

That was the basic conclusion from a torrent of macro economic updates on Thursday that showed American shoppers in fine fettle, WalMart (WMT.N), opens new tab upping forecasts and jobless claims ticking lower.

More:

 
CLS Week 33

Fearnleys Week 33

Drewry WCI 15 Aug
www.drewry.co.uk

World Container Index - 05 Sep

05 Sep 2024: Drewry’s World Container Index decreased 8% to $4,775 per 40ft container this week.
www.drewry.co.uk www.drewry.co.uk

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Friday, September 6, 2024.
tradingeconomics.com tradingeconomics.com
 

Closing Markets 8-16-24: New Lows in Corn and Beans on Weather and Tour Anticipation​

Aug 16, 2024

Corn and soybean futures make more contract lows on Friday with fund selling and closed the week over 45 cents lower on November soybeans and 2 1/2 cents lower on December corn. Chip Nellinger, Blue Reef Agri-Marketing, says the selling pressure was triggered by beneficial rains the last few days in many areas of the Corn Belt. However, the market was also bearishly anticipating the Pro Farmer Crop Tour will confirm the record yields in the August 12 WASDE.


11:23
 

Wall St wraps up best week of the year as recession fears fade​

  • US single-family housing starts tumble in July
  • Jackson Hole symposium looms
  • Indexes notch biggest weekly pct gain since late Oct
  • Indexes up: Dow 0.24%, S&P 500 0.20%, Nasdaq 0.21%
NEW YORK, Aug 16 (Reuters) - U.S. stocks ended higher on Friday, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole Economic Symposium next week.

The S&P 500 and the Nasdaq notched their seventh straight session of gains, as stocks recouped losses from a tailspin two weeks ago. The sell-off, sparked by weak economic data and heightened recession fears, confirmed the Nasdaq had entered correction territory.

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Cattle futures slide again this week | Weekly Livestock Market Update​

Aug 16, 2024 #agriculture #news #markets

In this week's video, Brownfield's Meghan Grebner and University of Missouri ag economist Scott Brown dig into all the details of Weekly Slaughter, Retail Prices, Consumer Sentiment, WASDE, and more.


20:42

Chapters:
0:00 Introduction
0:20 This week in the markets
4:57 Weekly Slaughter
5:53 Retail Prices
12:11 Consumer Sentiment
14:27 WASDE
18:10 Next week's reports
 
www.calculatedriskblog.com

Weekly Schedule

The key reports this week are July New and Existing Home sales. Fed Chair Jerome Powell will speak on the "Economic Outlook" at the Jackso...
www.calculatedriskblog.com www.calculatedriskblog.com
 

Copper miners, energy stocks pull FTSE 100 lower​

  • FTSE 100 down 0.2%, FTSE 250 up 0.1%
  • Energy stocks lead declines as oil prices slip
  • U.S. Fed Chair Powell's speech at Jackson Hole awaited
Aug 20 (Reuters) - UK's FTSE 100 benchmark stock index edged lower on Tuesday, pulled down by energy and copper miners' shares, while optimism around a September interest rate cut by the U.S. Federal Reserve limited losses.

The blue-chip FTSE 100 index (.FTSE), opens new tab was down 0.2% by 0708 GMT, after it closed at its highest level since early August on Monday. The mid-cap FTSE 250 was up 0.1% by 0708 GMT.

Energy shares (.FTNMX601010), opens new tab were the biggest losers on the benchmark, declining 1% due to a drop in oil prices. Sector majors Shell (SHEL.L), opens new tab and BP (BP.L), opens new tab fell about 1%, each.

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S&P 500 hunting cloud nine​

August 20, 2024 6:03 AM EDT

A look at the day ahead in U.S. and global markets by Alun John, EMEA breaking news correspondent, finance and markets.

It's been quite a recovery for the S&P 500 stock index since early August's turmoil. The benchmark (.SPX), opens new tab has risen for the past eight trading sessions, its longest streak of 2024, and is now just 1% off its mid-July record high.

The excitement, of sorts, is whether it can rise for a ninth day in a row. If it does, that would be the longest such streak since 2004, on Deutsche Bank's calculations.

That's a solid recovery and explains why the mood feels different from early August, when stocks were tumbling on U.S. growth worries and investors rushed to the safety of government bonds.

A general reassessment that the economic situation isn't as bad as thought a few weeks ago is the main driver for the move, though it's also worth keeping an eye on geopolitical developments and what they mean for oil prices as an additional factor in the mix.

More:

 
splash247.com

LNG shipping index hits record high - Splash247

LNG shipping stocks saw significant gains last week, with the UP World LNG Shipping Index (UPI) reaching an all-time high, driven by positive sentiment in global markets and the onset of winter preparations. “The performance suggests a robust outlook for the LNG shipping sector, bolstered by...
splash247.com splash247.com
 
www.freightwaves.com

Borderlands Mexico: $44M expansion begins at Pharr international bridge

This week in Borderlands: $44 million expansion begins at Pharr international bridge; China-based tire maker to build $500 million factory in northern Mexico; RK Logistics acquires warehouse in Arizona to
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

UPDATE: Rail contract talks continuing; Vancouver port acts ahead of possible stoppage

Canada’s busiest import gateway is managing port fluidity as railroads issue lockout notices, and Teamsters are warning of a planned strike as the latest contract talks fail.
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

A2Z rolls out delivery ‘drone-network-as-a-service’ offering

California-based A2Z Drone Delivery has launched a suite of autonomous drone docks — portable or permanent sites where drones charge and pick up or drop off packages, with no human
www.freightwaves.com www.freightwaves.com
 

Wall St ends lower ahead of Jackson Hole, snapping multi-session rally​

  • Palo Alto rises on upbeat forecast
  • Eli Lilly rises as weight-loss drug cuts diabetes risk in trial
  • Labor Department to issue preliminary data revisions on Wednesday
  • Indexes down: Dow 0.15%, S&P 500 0.20%, Nasdaq 0.33%
NEW YORK, Aug 20 (Reuters) - U.S. stocks closed slightly lower on Tuesday, breaking their recent winning streak amid few market-moving catalysts ahead of the Jackson Hole Economic Symposium, set to get under way on Thursday.

All three major U.S. stock indexes edged down, ending a multi-session rally in which the equities market bounced back from a steep sell-off driven by recession fears.

"Last week was the best week of the year for stocks, which begs the question whether the rally will continue," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.

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Logistical concerns impacting North American ag | Weekly Commodity Market Update​

Aug 20, 2024 #agriculture #news #markets

This week Will and Ben analyze the impacts of two major logistic hurdles to North American agriculture.


12:59
 

AMERICAS Relentless rally pauses for breath​

August 21, 2024 6:07 AM EDT

A look at the day ahead in U.S. and global markets by Samuel Indyk

The relentless recovery in the S&P 500 from early August's post-payrolls trough finally took a pause on Tuesday after eight straight up days, and futures are not giving too much indication about the direction of travel on Wednesday.

The benchmark U.S. index (.SPX), opens new tab fell 0.2%, hardly a dramatic fall, but a fall nonetheless. It was the index's first down day since Aug. 7.

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