Home » Markets remain low despite minimal “upsurge”; geopolitics to rock Peace and Coronavirus is ante portas

Markets remain low despite minimal “upsurge”; geopolitics to rock Peace and Coronavirus is ante portas

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John Faraclas

Markets remain low despite minimal “upsurge”; geopolitics to rock Peace and Coronavirus is ante portas

The BDI (Baltic Dry Index) clinched ten points and now reads 549. Geopolitics going through tough times with MIGRANTS and as per the title above,  Coronavirus becomes a health issue for all. John Faraclas’ brief daily recap:

The Capes gained two points with the BCI at minus 346!!! Wonder WHEN the BCI goes back with a plus symbol…

The Panamaxes’ BPI was up 20 points and now stands a 935…. No bad as it looks certain that soon the 1,000 points threshold will be conquered…

The Supras’ BSI with a dozen points plus now reads 633 whilst the Handies’ BHSI just managed to clinch three points and now reads 330…

All in all still a very low Dry Market…

Stranded Wets struggle; the last published  BCTI  (Dirties) and BCTI (Cleans) stood at 796 points – no change for a third consecutive trading day and 646 – just one point plus respectively…

The WTI was up 43 cents and now reads US$ 47.18…

The Geopolitical spectrum is marred by the MIGRANTS with Turkish blackmail to the fore. What is needed in the region and in particular at the Greek and Bulgarian borders following a high level EU delegation visit is action, not just promises and money but a deterrent to stop this shameful and inhumane despicable created mess by Turkeys president in using the MIGRANTS –  not by Syrians that one may think of, but Afghanis, Pakistanis, Iranian, Iraqis and all the sub-Saharan thousands as pawns… Action means action for Europe, NATO and their affiliates to give an end to this humanitarian catastrophe in is entirety. The media also MUST ensure they properly report of what is really happening. Greece in particular and Bulgaria cannot afford not as single MIGRANT.

Turkey has aspirations of becoming a regional power at any cost; equally though Turkey has sworn enemies who at the right time will strike. The issue is at this very moment for Europe, NATO and the US to act as bold and swiftly as possible before Turkey makes it a mess… Turkey is technically bankrupt…

Mind the Stock Markets; we do no like this volaility; looks dangerous on all counts…

Let’s see what’s coming up with the USA’s elections… We all await the final results of the elections in Israel… What the next government will do for the Israelis and Middle East Peace in a very turbulent environment. CAUTION !

Coronavirus is ante portas and looks likely that is here to stay; let’s hope things reverse as the economy all over Plane Ocean will sink… we are in any event in a recession. Meantime, as a result of the Coronavirus, almost all conferences and exhibitions as well as events are being postponed…

Have a nice evening and remain on guard from actions emanating by Pirates, Terrorists, Criminals, Despots and any Business Hooligan whatsoever wherever you are on Planet Ocean.

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