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Fearnleys - Week 41

World Container Index - 10 Oct
www.drewry.co.uk

World Container Index - 10 Oct

10 Oct 2024: Drewry’s World Container Index decreased 4% to $3,349 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, October 11, 2024.
tradingeconomics.com tradingeconomics.com
 

Closing Markets 10-11-24 Grains Fall, Shift Focus After Benign WASDE: Cattle Hit Chart Resistance​

Oliver Sloup, Blue Line Futures says after a non-eventful WASDE, grains saw some profit taking heading into the weekend with row crops seeing harvest pressure


11:43
 

S&P 500, Dow hit records, boosted by bank earnings surprise​

  • JPMorgan, Wells Fargo rally after Q3 results
  • Tesla reverses after unveiling robotaxi
  • Monthly PPI unchanged
  • Indexes up: Dow 0.97%, S&P 500 0.61%, Nasdaq 0.33%
Oct 11 (Reuters) - The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fueled expectations for a U.S. Federal Reserve rate cut in November.

Major financial companies kicked off earnings season with JPMorgan Chase (JPM.N), opens new tab finishing the session up 4.4% after the lender reported higher-than-expected third-quarter profit and raised its annual interest income forecast.

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splash247.com

The roaring twenties and volatility - Splash247

I’ve recently started prepping for a panel I will be moderating later this month at the Monaco Yacht Club, and I could do with your help. The session is entitled The Big Issues with the preamble stating: “The days of simple supply/demand forecasting are over. Geopolitics and climate disruption...
splash247.com splash247.com
 
Asian Markets

Morning Bid: Bank results boost Wall St, China plan leaves questions​

Oct 14 (Reuters) - A look at the day ahead in Asian markets.

As the trading week begins in Asia, Chinese stocks are coming off several days of retrenchment while U.S. equities keep churning higher.
Wall Street's main indexes ended with gains on Friday. The benchmark S&P 500 (.SPX), opens new tab stood at record-high levels after logging its fifth-straight week of gains.

JPMorgan Chase (JPM.N), opens new tab and Wells Fargo (WFC.N), opens new tab shares jumped after both major banks beat profit estimates, a bullish kick-off for corporate America's third-quarter reporting season. The two lenders also touted resiliency of the U.S. consumer, which will be in focus in the coming week of earnings and retail sales data.

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U.S. Markets

Morning Bid: China doubts as economy struggles, US bonds closed​

October 14, 2024 6:10 AM EDT

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

With U.S. Treasury markets closed on Monday, Wall Street stocks are set to cruise on higher into the unfolding corporate earnings season - but may first have to take early direction from China's weekend stimulus update.

The Colombus Day holiday closes Federal offices and the bond market but the New York Stock Exchange and Nasdaq remain open and stock futures are higher first thing, building on the S&P500's (.SPX), opens new tab latest charge to new record highs.

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Why does Brazil grow so much soy and eat so little?​

  • Raised on steak, most Brazilians are strangers to tofu
  • Brazil: world's #1 soybean grower, mostly for animal feed
  • High-end chefs use soy imported from as far off as Japan
SAO PAULO, Oct 14 (Reuters) - Brazil's foodie hub Sao Paulo may be best known for its prized cuts of grilled meat and lavish sushi spreads, but some upscale restaurants are featuring a novel star ingredient: soy.

The agricultural powerhouse is the world's top producer of soy, shipping over a million tons a week to China on average.

But unlike in Asia and other markets where soy is synonymous with cheap everyday protein, Brazilians eat so little of it that it has become a pricey niche offering.

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Take Five: Growth, shops and rates​

Oct 14 (Reuters) - China's GDP figures, U.S. retail sales and a rate decision by the European Central Bank headline the coming week, while earnings are under way on both sides of the Atlantic and UK markets get nervy ahead of the new government's first budget.

Here's a look at the week ahead in global markets by Rae Wee in Singapore, Ira Iosebashvili in New York, Yoruk Bahceli in Amsterdam, and Naomi Rovnick and Samuel Indyk in London.

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What The Ship (Ep110) | Tampa Open | Port Strike | New Zealand Inquiry | Chokepoints | Geopolitics​

Oct 14, 2024 #supplychain #hurricanemilton #portstrader

What The Ship (Ep110) | Port of Tampa Reopens After Hurricane Milton | Impact of US East/Gulf Coast Port Strikes | Royal New Zealand Navy Opens Inquiry into loss of Manawanui | Black, Red, and South China Seas | Geopolitical Volatility to Shipping October 13, 2024

In this episode, Sal Mercogliano - a maritime historian at Campbell University (@campbelledu), and former merchant mariner - recaps the Top 5 Maritime Stories as of October 13, 2024.


39:42

00:00 Introduction
00:35 1. Hurricane Milton UpdateRefueling Florida: Tankers Descend on Port Tampa Bay After Reopening https://gcaptain.com/refueling-florid...

Marine Trafficmarinetraffic.com

07:22 2. Port StrikesUSEC port strike: 10-17% capacity decline to come https://sea-intelligence.com/press-ro...

Short-Lived U.S. Port Strike Unlikely to Slow Import Surge https://gcaptain.com/us-port-strike-u...

Port of Montreal Dockworkers to Refuse Overtime Amid Stalled Labor Negotiations https://gcaptain.com/port-of-montreal...

16:46 3. New Zealand Defense Force Launches Formal Inquiry into ‘Manawanui’ Sinking, VDR Recovered https://gcaptain.com/new-zealand-defe...

24:22 4. Freedom of the SeasHouthis Strike Tanker ‘Olympic Spirit’ in Red Sea https://gcaptain.com/houthis-strike-t...

Bab el Mandeb and Suez transits hit fresh lows in September https://www.lloydslist.com/LL1150950/...

Third ship struck in Ukraine within space of one week https://www.lloydslist.com/LL1150932/...

Russian Strikes on Ukraine’s Ports and Ships Raises Black Sea Tensions https://gcaptain.com/russian-strikes-...

Black Sea War: Russia is Losing to Ukraine but Winning with China https://gcaptain.com/black-sea-war-ru...

Black Sea war risk rates heading north after Russian attacks https://www.lloydslist.com/LL1150948/...

U.S Tightens Noose on Iran’s ‘Ghost Fleet’ After Israel Attack https://gcaptain.com/u-s-tightens-noo...

Philippines, China Trade Blame in Latest South China Sea Spat https://gcaptain.com/philippines-chin...

Maritime Crime and Piracy at Lowest Level in 30 Years https://maritime-executive.com/articl...

33:36 5. Geopolitical Volatility in Shipping Shipping’s New Normal: How Red Sea Diversions are Reshaping Global Trade https://gcaptain.com/shippings-new-no...

Maersk and Hapag-Lloyd Confirm ‘Cape’ Route for Gemini Cooperation Launch https://gcaptain.com/maersk-and-hapag...

The roaring twenties and volatility https://splash247.com/the-roaring-twe...

Geopolitical Volatility Fuels Surge in Tanker Rates https://gcaptain.com/geopolitical-vol...

Arctic Shipping Boom Continues as China and Russia Push Cargo Volume To New Heights https://gcaptain.com/arctic-shipping-...
 

S&P 500, Dow notch record closing highs, crude slumps​

  • China's stimulus announcement lacking in details
  • Dollar index touches ten-week high
  • Oil prices fall on softening demand worries
  • Bond market closed for Columbus Day
NEW YORK, Oct 14 (Reuters) - U.S. stocks ended higher with a boost from technology shares amid light Columbus Day trading on Monday, while crude prices dipped as investors parsed signs of economic softness in China and girded themselves for a string of high-profile corporate earnings.

Megacap tech-adjacent growth stocks provided much of the upside muscle, putting the Nasdaq out front.

The S&P 500 and blue-chip Dow both nabbed fresh record closing highs.

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Morning Bid: Tech, banks spark new US records as China relapses​

October 15, 2024 6:09 AM EDT

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

The U.S. bond market returns from holiday to find Wall Street stocks soaring ever higher to new records, with Big Tech and Big Banks stirring earnings season excitement even as China's markets turn tail on demand worries and stimulus doubts.

The S&P 500 (.SPX), opens new tab and the Dow Jones (.DJI), opens new tab posting fresh record finishes, with the former rapidly homing in on 6,000 after a 22% rise for the year so far and the Dow closing above 43,000 for the first time.

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