The BDI (Baltic Dry Index) lost43 points since yesterday and now reads 1,172, losing also the 1,200 points threshold. On a weekly basis same was down 212 points – from the 19th of May when same stood at 1,384 with the loss also of the 1,300 points threshold. The Wets on a falling mode with the BDTI down 82 and the BCTI down 1 at 1,156 and 670 points respectively. On the turbulent Geopolitical front things go from worse to worse and expect a messy period for the unforeseeable future – regret but this is the harsh reality. John Faraclas’ daily and weekly markets and Geopolitics recap:
The Capes’ BCI was down 75 points since yesterday and now stands at 1,683 points, losing also the 1,700 points threshold; on a weekly basis the Capes were down 422 points – from 2,105 (19/05), what a loss… particularly as same was the only index above the phycological 2,000 points!
The Panamaxes’ BPI lost 22 points and now read 1,119; on a weekly basis our most favourite size lost 103 points losing also the vital 1,200 points.
The Supras also lost the 1,000 points threshold and now stand at 946 – minus 34 points since yesterday and on a weekly basis same were down 131 – from 1,077 (19/05).
Minor losses but losses for the Handies’ BHSI – down six, standing at 588 and down 24 since last week’s 612 – losing the 600 points threshold.
All in all and downwards Dry market, a skyfall so to speak; CAUTION!
The Wets falling too and still an enigma; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,156 and 670 – minus 82 and one point respectively. On a weekly basis the Dirties were down 150 points -from 1,306 last week- losing the 1,200 and 1,300 points threshold and the Cleans, surpise surprise were up 85 points – from 585 last week..
The WTI was up 84 cents since yesterday and now reads US$72.67; on a weekly basis same was up nearly a dollar, actually US$0.98 – from 71.69 on the 19th May 2023… Awful; we repeat: we need to see same at maximum US$49.99… Let’s see whether the politicians love the popolo!
The FTSE100 was up 56.33 points since yesterday and now reads 7,627.20; on a weekly basis the FTSE100 was down 129.60 – from 7,756.87 on 19/05…
The Dow Jones was up 328.79 and now reads 33,093.44; on a weekly basis same was down 333.19 – from 33,426.63 on the 19/05…
The NIKKEI was up 115.18 points and now reads 39,916.31; on a weekly basis same was up 107.96 points from 30,808.35 clocked on 19/05…
The Euro / USDollar stood at 1,0729 from 1,0724 yesterday and 1,0821 on the 19/05 which is 0,0092 down…
On the Geopolitical front now:
MIGRANTS maintain the lead with tenfold increase of numbers coming into Europe (in general) and many cross over the British Channel… SHAME!! Expect soon a despicable situation with an unprecedented increase! All the Politicians, the EU and NATO is to BLAME. End of the story. Once again we remind you that the only deterance remains our view: Naval Blockade, a mandate and Rules of Engagement.- Wake up, stop the hype, grow up and respect the social cohesion; or ELSE as we had enough!
Ukraine: expect a total recall…
Will Erdogan retain his throne? In 48 hours we shall know. What will be though the benefit for Turkiye, Turks and the region…
In a month’s time, the second round of the Greek elections; Watch this space!
What’s gone to happen in the USA? Will president Biden succeed in calling off the crisis by raising the USA’s debt ceiling? Imagine on the 5th of June the USA running out of money… A global outcry? CAUTION!
Sudan in tatters…
North Korea testing missiles will give us more headaches… CAUTION…
Spanish local elections… Expect surprises..?
Mind Kosovo as the Serbs cannot take more; you dead well know what I mean…
Sorrow for Canada’s wildfires…
On another tone and note we had some useful for us and our viewers live appearances on TV which please see here and here on the Greek Elections as well as on on a Historical Trade and Shipping account spanning nine millennia..
Have a nice evening and long weekend – given the Bank Holiday on Monday, but continue to remain on guard from actions emanating from Pirates – still around, Terrorists – again still around, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean. A big THANKS to all still fighting the Coronavirus anathema – still with us, despite what politicians and their cronies say. Let us work collectively and restart Planet Ocean, now in debt over US$ 405 (four-hundredandfive) trillion!!! We are in Recession and together with Inflation the situation will hurt all of us!!!
