Capesize rates falls after short market rebound

Capesize freight rates plunged again after the recent rebound as bearish sentiment took over the freight market. The Capesize 5 time charter average then dropped by RMB 270 day-on-day to $15,445 on Tuesday, following a negative index. The Baltic Dry Index (BDI) also came under pressure and dropped by 1.64% or 21 points to 1,263 …

European Close 3/11/20

Strong PMI figures in China have not filtered through to the DCE iron ore with price remaining below the RMB 806 level. A positive night session has seen the futures move RMB 8 higher, USD 1.18 for the Nov futures (+1.1%). Potentially this is nothing more than day traders positioning themselves for a potential change …

Things to Watch for This US Election Night

1. Florida – the sunny bellwether Always a key state in the US election, this one is a ‘must-win’ for Trump. Its 29 Electoral College votes it could either be a platform for Trump to put together a winning campaign, or where it sinks at the first hurdle.   2. The Sun belt: Texas, Georgia, …