John Faraclas
Markets, Geopolitics and Coronavirus: A week to remember
The BDI (Baltic Dry Index) lost 71 points since yesterday and now stands at 1,317 points; it also lost 393 points since last Friday the 17th of July when it stood at 1,710 points. Turkey’s actions are about to blow up Peace, not just within 1,500 miles from its borders, but beyond… Coronavirus pauses and “promises” extensive surge and conversely mess. John Faraclas’ daily and weekly recap:
The Capes’ BCI was the main loser both on a daily as well as on a weekly basis. 152 points lost today with the BCI down to 2,084 – very close to the 2,000 point threshold with the 2,200 and 2,100 points threshold lost! The weekly loses were 941 points, nearly one thousand points being wiped off – down from 3,025 points… Ultra CAUTION should be observed…
Panamaxes too in trouble with the BPI losing 65 points and now standing at 1,198 points… On a weekly basis the BPI was down 406 points – from 1,504! Note that the 1,500, 1,400, 1,300 and 1,200 point thresholds have been lost!
The Supras lost ten points and the BSI now stands at 915; the weekly gains were five points, since last week the BSI stood at 910 points…
What an ace that was with the BHSI eh! Now at 471 continues to …smile; you don’t have to be big to be beautiful! The weekly gains were 17 points – up from 457; a cause to be optimistic.
So, all in all a falling Dry Market and given the parameters, everything from now on can happen…
The Wets on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 520 – minus ten and 355 – minus one points respectively. On a weekly basis the Dirties remained the same, i.e. 520 and the Cleans plus 26 – up from the 329 points recorded last week.
The WTI, as these lines are being written, is up 21 cents since yesterday and now reads US$ 41.24; the weekly change stands at 77 cents – from US$ 40.57…
All main bourses ….including Athex in red, namely FTSE 100, CAC 40, DAX, Dow Jones, NASDAQ, S&P, Nikkei 225 and Hang Seng… Minor falls but falls…
Strange parity for the Euro and the USDollar…
On the Geopolitical front, Turkey is by now the champion of the pariah states. Its president and spiritual leader Erdogan has gone beyond any western analyst’s expectations – not to mention imagination and he will go all the way to create a Caliphate and simultaneously destroy Peace in the entire Central Med, East Med, Balkans and Middle East region. C A U T I O N as he has also very powerful proven backers and one has to strike with utmost precision in all fronts to stop him before it is too late. Remind you that we have numerous times mentioned how he stirs up the Balkans – mainly Albania, North Macedonia and Kosovo – not to mention Bosnia and Herzegovina playing also the religion card… Check our reports and you will get the message. The UN, the EU and NATO is about time to end this mess as their verbal condemnations lead nowhere. Action please as you all witness his provocative and blackmail behavior all these years and in particular last March with the MIGRANTS. Erdogan and his likes understand another language; full stop and period. Today’s prayers in Saint Sophia – Aghia Sophia, is only the beginning to dismantle Ataturk’s state; just wait and see. Expect a messy outcome particularly as Greece’s Forces are ready to fight for Greece’s and Europe’s Dignity, given that the areas Erdogan plans to search for hydrocarbons et al are also Europe’s EEZ. End of the story.- Cyprus suffers too, yet another EU state… To refresh your memory, just recently in my latest interview with Volta magazine, clearly explain Erdogan’s character and Turkish real position in the region of East Med just to clear the myths….
Greece today completes 46 years of Democratic Rule and MUST preserve same at all costs, following seven years of Military regime – 1967 to 1974…
In all other fronts, issues remain pretty much the same with the USA and China at loggerheads in South China Sea, the Hong Kong latest appalling situation…
Watch the developments in the USA with the forthcoming November presidential elections…
Europe and the United Kingdom still far apart for a deal making BREXIT another messy development for all involved.
Moreover the famous stimulus package of the EU should have been Euros 1,4 trillion and NOT Euros 750 billion; wait and see how soon the 27 will convene soon again… CAUTION! See also our previous reporting…
Coronavirus (COVID-19) begins to surge all over Planet Ocean and we MUST all ensure that LIFE MATTERS MOST and not the fistful of dollars which the clever dicks and the politicians opt for. DISCIPLINE is not just the remedy, it is our only PRIORITY. Amongst the …victims of Coronavirus where Posidonia 2020, now taking place in 2022. Wonder what will happen with the Tokyo Olympics next year…
Data-wise we’ve now reached 15 (fifteen) mio confirmed cases and just over 600,000 (sixhundredthousand) deaths… CAUTION!!!!
On another tone and note now:
An environmental clean-up at the environmentally sensitive region of Klidou in Vrontados, Chios Island, Eastern Aegean, Greece will take place on the 9th of August at 11:00 hrs organised by the Chios Marine Club. The Municipality of Chios, the Union of Vrontadoussians in Attica, the environmental volunteers Omikron and other groups will also participate… For further information email: info@chiosmarineclub.gr
In the historic, maritime and well known Island of Spetses, one of the jewel-islands in the edge of the Saronic Gulf off the coast of Peloponnese, at the premises of the AKSS Foundation, many cultural, business and sports events take place this summer. Log on www.akss.gr and ensure you don’t miss them!
Have a nice evening and weekend but continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean. Once again a big THANK YOU to all who really care for all humans – Doctors, Nurses, Seafarers, Dockers, Port Authorities et al during this Coronavirus disaster!! We repeat: Do please invest in Hospitals including Equipment, Doctors, Nurses and any useful means to avoid further disasters! Become more disciplined and care for the Environment too. Lastly: Education and Training for all to be able to tackle these disasters. Let’s work collectively together and NOT opt for a fistful of Dollars to restart the already collapsed global economy… which is in red US$ 260 (twohundredandsixty) trillion…
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Uploaded : 23:30 BST
Updated : 23:50 BST
