What a finale that was this Friday ending a nine days plus continuous skyfall of the indices! John Faraclas comments on the third ALLABOUTSHIPPING wekly reporting tonight the 22nd of January 2016:
- The BDI closed down just one point, “thanks” as the title “implies” for the Capes’ two days upwards rally! So in total the BDI lost 19 points since last week’s 373 points or 5.1%.
- The BCI plus 23 at 229, up 31 points from last week’s 198 proving as always its volatility…
- The BPI down 12 at 334 and overall down 47 points since last week’s 381…;
- The BSI down eight at 358, overall 26 from last Friday’s 15th of January 384 points; and
- The BHSI sinking four points at 233, minus 12 since last week’s 245
The Wets too were once again one a high… and dry modus with the last publishing BDTI and BCTI at 870 and 686 respectively, that’s minus six and five… and on a weekly basis the losses where 36 and 26 points respectively.
The Oil prices above the US$ 30 mark – is it a good or bad sign… The energy geopolitics and finances are one part of the name of the game, with detrimental repercussions for humanity!
Add the Migrants issue, well enough connected with the energy/oil mess in the region and see what’s coming up…
The Chinese New Year, the Year of the Monkey holds the key to world events, amid a wild geopolitical turmoil, again coupled with energy and given China’s stance on The triangle of mess …!
Still the best market to order newbuildings despite some are trying to find space(s) for lay-up!
Look for the update latter on tonight… with Geopolitics and other news of the past week and the one ahead of us!
