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Fearnleys - Week 41

World Container Index - 10 Oct

World Container Index - 14 Nov

14 Nov 2024: Drewry’s World Container Index remained stable at $3,440 per 40ft container this week.
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 Monday, November 11, 2024.
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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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
 
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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Morning Bid: Stocks stunned by ASML curveball, pound plunges​

October 16, 2024 6:07 AM EDT

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

World markets struggled to find a footing on Wednesday after Europe's ASML (ASML.AS), opens new tab sideswiped the global chip sector late yesterday with a surprisingly weak orders outlook and investors prayed the flub was a one-off as third-quarter earnings updates stream in.

There was better news for bond markets - with yields declining on a mix of falling oil prices and significant European disinflation that underscores expectations of another European Central Bank interest rate cut on Thursday.

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Scrap Metal Market Update: Copper Drops, Aluminum Holds Strong​

Check Scrap Prices: https://iScrapApp.com/—In this live stream, we'll explore the latest scrap metal market updates, exploring how the Chinese economy and U.S. elections are shaping prices. Copper has recently dropped after an initial surge, while aluminum remains a strong performer for scrappers. We'll also cover the ongoing decline in steel prices, updates on catalytic converters, and the resilient demand for tungsten and carbide.

20:57

Copper price fluctuations: Sell now?
Aluminum scrap market staying strong
Steel price outlook: What to expect
Catalytic converter prices: What’s driving them?
Long-term trends for nickel and stainless steel
 

Wall Street's Dangerous New Obsession With Farmland​

Oct 16, 2024 #business #finance #realestate

According to the US Department of Agriculture farms owned by institutional investors are now responsible for more than TWELVE percent [12.6%] of total food output in America!
That might not sound like a whole lot, but the value of farmland investments has more than doubled since 2020 ALONE.
Cascade Investments is an investment firm that reportedly employs over 100 analysts and operates EXCULISIVELY to manage the assets of Bill Gates and his ex-wife Melinda. It owns assets like a 71% stake in the four seasons hotel chain and 14% of the Canadian national railway… but it ALSO owns a quarter of a MILLION acres of farmland.
The farmland is owned though a series of smaller holding companies but when asked why they had bought up so much farmland, the firm simply suggested that it was a good investment… nothing more…
Many outlets have claimed that this makes Gates the largest landowner in America… but that’s simply not true… not by a longshot
Major investment companies and even other billionaires have invested so much into farmland over the last 2 decades that it makes Gates’ 250,000 acres look positively pathetic.
So why have cornfields become the hottest asset amongst the big boys on wall street?

13:04
 

Morning Bid: TSMC steadies chip ship, ECB set to ease​

October 17, 2024 6:03 AM EDT

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

Tech-heavy stock markets are set to breathe a sigh of relief on Thursday as the world's largest chipmaker beat the street and eased gnawing doubts about semiconductor demand worldwide and jitters about the wider artificial intelligence theme.

After a cloudy outlook from Europe's ASML (ASML.AS), opens new tab earlier this week sideswiped chip stocks everywhere, Taiwan Semiconductor Manufacturing (2330.TW), opens new tab said on Thursday it expects sustained growth as it reported a forecast-beating 54% jump in profits and soaring demand for chips used in AI.

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Robinhood launches desktop platform, adds futures and index options trading to app​

  • Set to offer trading in derivatives for lower fees
  • Aim to be primary financial services provider - exec
Oct 16 (Reuters) - Robinhood (HOOD.O), opens new tab launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages.

The 11-year-old commission-free trading app, which became synonymous with mom-and-pop investors in 2021, is now seeking to mature into a full-fledged financial services provider and compete with established brokerages that serve institutional investors.

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