Dry Bulk Iron Ore Flows, Brazil Port Congestion, Market Rates
The Capesize market rates for the Brazil to North China route have softened, yet rising iron ore exports from Brazil,…
Baltic index falls to more than two-month low on weaker vessel rates
The Baltic Exchange’s main sea freight index extended its fall to the lowest in more than two months on Wednesday…
India’s September merchandise trade deficit below forecast on lower gold imports
India’s merchandise trade deficit was narrower than expected in September, helped by a sharp sequential drop in gold imports, according…
Europe’s booming labour market needs to brace for change
The eurozone economy has been struggling since late 2022, but its labour market has continually been overheating. It’s been something…
China may raise $850 bln in new debt over three years to spur growth, says report
China may raise an additional 6 trillion yuan ($850 billion) from special treasury bonds over three years to stimulate a…
October’s ECB cheat sheet: Reluctant mark-to-market
Retaining bias for higher front-end rates A slate of weaker survey data and a cooler September CPI prompted officials at…
Japan August machinery orders fall 1.9% m/m, worse than expected
Japan’s core machinery orders fell 1.9% in August from the previous month, down for two straight months and the drop…
Plunging UK services inflation set to accelerate rate cuts
UK services inflation has fallen below 5% for the first time since May 2022 and that’s potentially big news for…
Fed’s Bostic says his ‘dot’ was for 25 bp more in cuts in 2024
Atlanta Federal Reserve President Raphael Bostic said he penciled in just one more interest rate reduction of 25 basis points…
American outperformance in the global economy
One of the more underdiscussed economic developments following the shocks of the pandemic has been the outperformance of the United…