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Trump trades shine, China data darkens​

October 18, 2024 6:07 AM ED

A look at the day ahead in U.S. and global markets by Harry Robertson

From U.S. small-cap stocks to bitcoin to the dollar, some investors are seeking out assets that can prosper under a second Donald Trump presidency.

The former president has taken the lead over Vice President Kamala Harris in betting markets, although Harris held a marginal lead in a Reuters/Ipsos poll this week.

So-called Trump trades focus on those parts of the global economy likely to feel the force of tariff hikes, deregulation, and bigger deficits.

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Exclusive: In West Bank, Pepsi and Coke bottlers face can and sugar shortage​

NEW YORK, Oct 18 (Reuters) - PepsiCo (PEP.O), opens new tab and Coke bottlers in the West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said.

In the latest global supply chain snarl due to the conflict in the Middle East, a crucial trade crossing at the Allenby bridge has been largely closed to commercial traffic since early September after a Jordanian gunman shot and killed three Israeli civilians.

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CLS Week 42 (registration is free)

Newsletter

files.irwebpage.com

Fearnleys Week 42

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

Baltic Exchange Dry Index - Price - Chart - Historical Data - News

Baltic Dry decreased 402 points or 19.20% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index - values, historical data, forecasts and news - updated on November of 2024.
tradingeconomics.com
 

Dow, S&P 500 close at record highs and mark the year’s longest winning streak​

Both the S&P 500 and the Dow Jones Industrial Average surged to new record highs Friday, sealing six straight weeks of gains.

The broad market benchmark advanced 0.40% to close at 5,864.67. The Dow Jones Industrial Average gained 36.86 points, or 0.09%, to end at 43,275.91. The Nasdaq Composite, led by a post-earnings jump in Netflix, ended the day up 0.63% at 18,489.55.

The three major averages cinched their sixth straight positive week. This marked the longest string of weekly advances in 2024 for both the Dow and S&P 500, which respectively ended 0.96% and 0.85% higher. The Nasdaq climbed 0.80%.

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Markets Now Closing Markets 10-18-24 Video​

Oct 18, 2024

11:53
 

Preview of next week's Cattle on Feed numbers | Weekly Livestock Market Update​

Oct 18, 2024 #agriculture #news #markets

This week, Brownfield's Meghan Grebner and livestock economist Scott Brown preview next week's Cattle on Feed and Livestock Slaughter reports.

17:37
 

Ports of Los Angeles & Long Beach Surpassed COVID-Level Volumes | What is Causing It? | Issues?​

Oct 19, 2024 #supplychain #ports #containers

In this episode, Sal Mercogliano - a maritime historian at Campbell University (@campbelledu), and former merchant mariner - discusses the record cargo months in the Port of Los Angeles and Port of Long Beach, what is causing the return to the West Coast, and what potential issues are emerging with these levels.

17:37


Los Angeles and Long Beach Ports Just Smashed Pandemic-Era Cargo Volumeshttps://gcaptain.com/los-angeles-and-...
Port of Long Beach https://polb.com/
Port of Los Angeleshttps://www.portoflosangeles.org/
 

Morning Bid: Holding stock records, with a golden hedge​

October 21, 2024 6:15 AM EDT

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

A relatively quiet start to the week for world markets leaves Wall Street pondering the sustainability of the recent record highs as corporate earnings updates pour in, the S&P500 index (.SPX), opens new tab nears 6,000 and the election looms.

The peculiar sight of a risk-loving rally in U.S. equity markets and corporate high yield debt alongside new records for the traditional safe haven of gold XAU= may speak something of the hedged outlook, with geopolitical and electoral risks coloring the booming domestic economy.

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Speedy US corn and soy harvests strain farmers, storage capacity​

  • Weeks of dry weather accelerate crop maturity, field work
  • Corn harvest progress ahead of average, soy fastest since 2012
  • Grain piling up outdoors at some Midwest elevators
  • CBOT futures encourage farmers to store until spring
CHICAGO, Oct 21 (Reuters) - U.S. farmers are harvesting two of the largest corn and soybean crops in history at the fastest pace in years, straining their physical capabilities and their grain storage capacity.

The massive influx of crops is testing growers who are already grappling with grain prices near four-year lows, stiff competition for global export sales and farm incomes that are down 23% from a record high just two years ago.

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Dow falls nearly 350 points, snapping a three-day win streak: Live updates​

The Dow Jones Industrial Average fell Monday, giving back some of the strong gains from last week, as Treasury yields rose and investors awaited new earnings reports.

The S&P 500 slipped 0.18% to 5,853.98. The 30-stock Dow lost 344.31 points, or 0.8%, to close at 42,931.60. The Nasdaq Composite was the outlier, rising 0.27% and ending at 18,540.01.

Consumer and homebuilder stocks were among the biggest losers as fears about higher-for-longer interest rates crept up, with Target down 3.8% and Builders FirstSource off by 5.2%. Lennar also shed 4.4%.

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Dow, S&P end down as Treasury yields rise, investors eye earnings​

  • Boeing gains after offering new wage deal
  • Humana, Cigna fall after report companies resumed merger talks
  • 114 S&P 500 companies to report results this week
  • Nvidia touched record high
Oct 21 (Reuters) - The Dow Jones Industrial Average and S&P 500 closed lower on Monday, retreating from Friday's record high closes and six straight weekly gains as Treasury yields rose and investors wary of high valuations awaited earnings from major companies.

"It's not at all unusual for the market to want to take a little bit of a breather after six weeks of continually record highs," said Carol Schleif, chief investment officer at BMO Family Office.

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US Markets

Morning Bid: Bonds bowl over the pins, IMF forecasts due​

October 22, 2024

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

U.S. Treasuries are starting to balk at post-election fiscal prospects and the resulting spike in benchmark borrowing rates has knocked stock markets off their perch and lifted the dollar to its best level since early August.

Ten-year Treasury yields zoomed higher again on Tuesday, topping 4.2% for the first time in three months.

On one level, there's been some further dialing back of Federal Reserve easing expectations - with an implied 'terminal rate' for the whole Fed easing cycle backing up close to 3.5% next year and less than 150 basis points from the current policy rate.

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Closing Markets 10-22-24 Grains Higher on Technical and End User Buying​


Oct 22, 2024 Markets Now with Michelle Rook

Craig Turner with StoneX says grains saw technical buying off support areas but demand is also strong.

10:33
 

What The Ship (Ep111) | Russian LNG | CDC Inspections | Navy Reloads | Dock Collapse | LPG Explosion​

Oct 22, 2024 #supplychain #lng #arctic

What The Ship (Ep111) | Russian Arctic LNG Stuck in the Ice | CDC Inspects Cruise Ships and Gives Ratings | Navy Reloads VLS at Sea | Georgia Dock Collapse | LPG Explosion in Bangladesh

22:56

00:00 Introduction

00:39 1. What's Going on in the Arctic? Russia’s Shadow Fleet Stalls, Leaving 1 Million Cubic Meters of LNG Undelivered https://gcaptain.com/russias-lng-shad...

Shipping splits into ‘parallel universes’ as global trade continues to decouple https://www.lloydslist.com/LL1151027/...

Mounting Evidence Shows Russia Assembling Pieces for Potential LNG ‘Dark Fleet’ https://gcaptain.com/mounting-evidenc...

Russia Has a Crazy Plan to Use Nuclear-Powered Submarines to Transport Arctic LNG https://gcaptain.com/russia-has-a-cra...

Chinese Vessels Without Ice Class Violate Arctic Safety Rules, Struggling Through Ice To Deliver Sanctioned Cargo https://gcaptain.com/chinese-vessels-...

U.S. Arctic Presence Falters as Nome Deepwater Port Solicitation Canceled https://gcaptain.com/u-s-arctic-prese...

08:48 2. CDC Shames The Nastiest, Dirtiest Cruise Ships https://gcaptain.com/cdc-shames-the-n...


10:36 3. U.S. Navy Demonstrates Game-Changing Underway Reload Technology That Could Redefine Naval Warfare https://gcaptain.com/us-navy-demonstr...

14:37 4. Seven Dead After Crowded Ferry Gangway Collapses in Georgia https://gcaptain.com/seven-dead-after...

16:38 5. LPG Tankers Explode, One Linked to Iranian Gas Smuggling https://gcaptain.com/lpg-tankers-expl...

Video of Explosion from X https://x.com/SeafarerSMedia/status/1...

Two LPG Carriers Catch Fire at Chittagong During STS Transfer https://maritime-executive.com/articl...
 

Wall St closes little changed while investors digest yields, earnings​

  • Verizon down after missing Q3 revenue estimates
  • GE Aerospace drops as supply constraints drag on revenue
  • General Motors up after Q3 results beat estimates
  • Indexes: Nasdaq up 0.18%, Dow and S&P flat
Oct 22 (Reuters) - U.S. stocks ended little changed on Tuesday, but the Nasdaq eked out a modest gain while investors kept an eye on Treasuries yields and awaited more earnings to assess the health of American companies.

"The last couple of days, the market has been trying to digest the move in treasuries as you've had a pretty big backup in yields," Jack Janasiewicz, portfolio manager at Natixis Investment Managers Solutions.

More:

 
US Markets

AMERICAS Dollar rides rising yields, Canada set to ease​

October 23, 2024

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

The dollar continues to ride higher on the back of an anxious pre-election climb in U.S. Treasury yields, notching its best levels in almost three months against the euro and yen on starkly contrasting economic and interest rate pictures.

With the International Monetary Fund's annual meeting underway and G7 finance chiefs and central bankers gathering, the exceptional performance of the U.S. economy was underlined in updated IMF global forecasts on Tuesday.

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Gold glitters as US election nerves grow, strong dollar dents stocks​

  • Stocks drift, dollar trades at multi-month highs
  • U.S. Treasury yields rise again, gold hits record
  • 'Trump trade' dominates sentiment
LONDON, Oct 23 (Reuters) - Gold prices hit record highs on Wednesday, defying the dollar's rise, which kept pressure on the yen and the euro, while global stocks edged lower on investors' reluctance to place major bets ahead of the U.S. election in two weeks.

Investors are also rethinking how much the Federal Reserve might need to cut interest rates after the most recent U.S. economic data has pointed to an economy that continues to expand and create jobs.

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Commodity Roundup: Oil falls as data shows U.S. inventory build, safe-haven gold steady​

Oil prices slipped 1% on Wednesday, reversing previous sessions' gains, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about Middle East supply persisted.

Further weighing on the outlook were lingering concerns about China's demand.

Crude oil (CL1:COM) -1.20% to $70.88/bbl, and Brent (CO1:COM) -1.16% to $75.16/bbl. Front-month November Nymex natural gas (NG1:COM) -1.00% to $2.29/MMBtu.

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Pre-Election Market Trends: Copper Stability, Steel Weakness, and Rising Catalytic Converter Prices​

Check Scrap Prices: https://iScrapApp.com/ - In this video, Tom dives into the latest commodity trends ahead of the U.S. presidential election, which is just weeks away. The election's outcome could significantly impact global demand and pricing trends across metals and other commodities. We’ll cover everything from the steady performance of copper to the struggles in the steel market and why catalytic converter prices are soaring due to rising platinum and palladium prices.
Read more: https://iscrapapp.com/blog/weekly-scr...

20:53

What You'll Learn:
Why copper prices are holding steady despite market predictions
The factors behind the stagnant steel market and future projections
What’s driving the surge in catalytic converter prices this year
 

Dow tumbles 400 points, suffering worst day since early September: Live updates​

Oct 23 2024 4:25 PM EDT


Stocks fell sharply on Wednesday, with the Dow Jones Industrial Average posting its worst day in more than a month, as higher Treasury yields weighed on market sentiment.

The S&P 500 lost 0.92%, closing at 5,797.42. The 30-stock Dow plunged 409.94 points, or 0.96%, ending the day’s session at 42,514.95. It was the worst day since early September for the blue-chip index. The Nasdaq Composite lost 1.6%, ending at 18,276.65.

Both the Dow and S&P 500 notched their third straight losing session.

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Wall Street closes down, pressured by tech losses and worries about rates​

  • McDonald's falls after E. coli outbreak
  • Texas Instruments up as profit beats forecasts
  • Boeing falls after results; contract vote awaited
  • Tesla earnings expected after the bell
Oct 23 (Reuters) - Wall Street closed lower on Wednesday, as climbing Treasury yields pressured megacap stocks and investors grew less confident about strong rate cuts from the Federal Reserve, while corporate news pressured McDonald's and Coca-Cola.

Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against the backdrop of strong economic data and the upcoming presidential election.

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US Markets

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Markets bounce as Tesla surges, yields retreat​

October 24, 2024

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

Markets caught a break on Thursday as the white heat of the corporate earnings season saw a beat for megacap Tesla (TSLA.O), opens new tab that sent its shares surging 12% before the bell while bond yields beat a retreat on soft business surveys overseas.

There was also some wariness that recent pre-election trades betting on a win for Republican Donald Trump in next month's White House race may be a tad premature. There's still no clear indication from polling on how the close contest will break, with nearly 25 million early votes already cast, according to tracking data.

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Global risks buoy gold; palladium soars 8% on supply fears​

  • Gold hit a record high of $2,758.37 on Wednesday
  • Palladium hits a peak since December 2023
  • US urges G-7 to sanction Russian palladium, titanium - Bloomberg
Oct 24 (Reuters) - Gold prices firmed on Thursday as the bullion remained in demand in the face of ongoing geopolitical risks, while palladium jumped 8% to a near 10-month peak on fears of supply sanctions on top-producer Russia.

Spot gold rose 0.7% to $2,736.30 per ounce by 0958 GMT after pulling back from the record high of $2,758.37 on Wednesday. U.S. gold futures gained 0.7% to $2,749.20.

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After Five Months of Calm, Somali Pirates May Be Back on the Hunt

The European Union Naval Force (EUNAVFOR) Operation ATALANTA has reported a suspected pirate action group (PAG) departing from Somalia’s northern central coast, marking renewed threats to shipping in the region...
gcaptain.com

IMB Piracy Reporting Centre

The IMB Piracy Reporting Centre (IMB PRC) follows the definition of Piracy as laid down in Article 101 of the 1982 United Nations Convention on the Law of the Sea (UNCLOS) and Armed Robbery as laid down in Resolution A.1025 (26) adopted on 2 December 2009 at the 26th Assembly Session of the...
www.icc-ccs.org
 

Boeing machinists reject new labor contract, extending more than 5-week strike​

  • Boeing machinists walked off the job on Sept. 13 after overwhelmingly rejecting an earlier proposal.
  • The union voted 64% against the latest labor proposal, which included 35% raises, a $7,000 ratification bonus, increased 401(k) contributions and other changes.
  • Getting to a deal and ending the strike is new CEO Kelly Ortberg’s priority, as Boeing will continue to burn cash through 2025.
Boeing machinists voted against a new labor deal that included 35% wage increases over four years, their union said Wednesday, extending a more than five-week strike that has halted most of the company’s aircraft production, which is centered in the Seattle area.

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S&P 500 rises to end three-day losing run, lifted by surge in Tesla: Live updates​

The S&P 500 bounced back on Thursday, posting its first positive day in a week that has been beset by higher rates.

The S&P 500 added 0.21% to 5,809.86 and snapped a three-day run of losses. The Nasdaq Composite jumped 0.76% and closed at 18,415.49. The Dow Jones Industrial Average lost 140.59 points, or 0.33%, to end at 42,374.36. The blue-chip index notched a four-day losing streak, its first since June.

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Morning Bid: Megacap earnings loom, Japan decides, gilts wobble​

October 25, 2024 6:04 AM EDT

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

Tesla's 20%-plus stock surge whets investor appetites for next week's earnings from most of the rest of the "Magnificent 7" of U.S. megacaps - with overseas markets keeping close tabs on weekend elections in Japan and next week's UK budget.

A relatively quiet end to a busy week sees market attention drift to numerous big events coming down the pike, not least the U.S. election in 11 days time. But the related edginess in the Treasury market earlier this week seems to have settled for now and the White House race remains far too close to call.

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