Welcome To Our Weekly Insights Review
Read here everything you need to know
Mazars Comment : Know When To Take Risks, And When Not To
The three things I would tell my clients this week
‘Providence protect idiots’ Otto Von Bismarck once exclaimed. I’m never quite sure what the direct intentions of the Almighty are. Bismarck, a Prussian Prince and one of the great leaders of the 19th century, might have had a more direct line of communication with the powers that be than I do.
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Doric Weekly Market Insight
Iron ore futures posted weekly gains for a third week in a row
Following ten consecutive hikes that lifted borrowing costs to the highest level since September 2007, Fed opted to hold their benchmark rate unchanged this week at between 5 and 5.25 percent.
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Saudi Crude Accumulating Off Red Sea
Saudi Arabian crude oil is accumulating off Egypt’s Red Sea coast – an unusual market development and one to watch closely as the country seeks to implement steep production cuts.”
This was aided by a risk on tone across markets following a lower-than-expected inflation print in the US.
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Sentiment Weak As Chinese Rate Cuts Fall Below Expectations
Disappointment over Chinese stimulus measures continued to hover over markets
A stronger USD also weighed on investor appetite.
Shipfix-Global Market Update
Macro/Geopolitics, Commodity Markets, Freight and Bunker Markets
Interest rates dominated the past week’s news flow. After bringing the interest rate to the highest level since 2007, the Federal Reserve paused its current hiking cycle as US inflation showed signs of slowing.
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Vortexa Freight Weekly
VLCC rates up || Afra/Suezmaxes reposition in Med
VLCC rates pick up, is a rally on the cards?
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Iran’s Crude/Condensate Exports Reach Record-High Under Sanctions
This marks May as Iran’s highest monthly crude/condensate exports total since sanctions were imposed in November 2018
Ιran exported over 1.5mbd of crude/condensate in May, a 200kbd increase m-o-m and 400kbd above the 12-month average.
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In Reality, China's Consumer Market Remains Envy Of Much Of The World
China’s retail sales in May grew year-on-year
As we discussed in Commodore's most recent Weekly China Report, China’s retail sales in May grew year-on-year by 12.7%. This has come in lower than many expectations and has been disappointing to various pundits, but nevertheless this is strong growth.
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Signal Dry Bulk Weekly Report
Snapshot of Spot Freight Rates, Supply-Demand Trends, Port Congestions
There has been a remarkable turnaround in ton days for Capesize shipments from West Africa to China, as illustrated in the provided image, leading to increased rates and improved laden speed during the second quarter.
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