Archive for April, 2010

Tanker Weekly – 25 April, 2010

Baltic Dirty Tanker Index rose 2.5%; Baltic Clean Tanker Index increased 6%. A touch of reality coming to the markets  with vessel owners realizing the May demand could be weaker than (over-optimistically) expected. Despite much effort your favorite blogger didn’t find a single interesting story in the sector this week. Chart 1. Baltic Tanker Indexes […]

Durable Goods Orders Fell 1.3% In March

Durable good orders fell 1.3% in March vs. 0.4% consensus and 0.5% rise in February. Transportation taken out the figure was an increase of 2.8% vs. 0.9% in February. Chart 1. U.S. Durable Goods Orders Chart 2. U.S. Durable Goods Orders Ex. Transportation

New Home Sales Rose 26.9% In March

New home sales rose 26.9% in February to 411.000, the consensus was  at 330.000, prior reading was at 308.000. The first home-buyer tax credit  program expiration again distorted the reading. Chart 1. New Home Sales Source: Blytic.com

Producer Price Index Rose 0.7% MoM in March

Producer price index rose 0.7% MoM in March. The consensus was at 0.4%; prior reading was at -0.6%. Chart 1. Producer Price Index

Initial Jobless Claims Fell 28.000

Initial jobless claims were reported at 456.000. The consensus was at 460.000, last week reading was at 484.000. Chart 1. U.S. Initial Jobless Claims Source: Blytic.com

Existing Home Sales Rose 6.8% In March

Existing home sales rose 6.8% in March and reached seasonally adjusted annual rate of  5.35 million units vs. 5.25 million units consensus and  5.02 prior reading. Chart 1. Existing Home Sales Source: Blytic.com

U.S. Natural Gas Weekly – 22 April 2010

Working gas in storage rose 73 Bcf from previous week. With this report the storage broke out of 5 year range. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average

U.S. Petroleum Weekly – 22 April 2010

Crude oil stocks rose 1.9 million barrels for week ending 16 April; Gasoline stocks were up 3.6 million barrels; Distillate stocks rose 2.1 million barrels; Propane/propylene stocks increased 1.7 million barrels; Other oils stocks rose 0.9 million barrels; Total crude oil and petroleum stocks were 10.7 million barrels higher than the week before. Refinery utilization […]

MBA Mortgage Applications Up 13.6%

MBA mortgage applications rose 13.6% for week ending 16 April, the week before reading was at -9.6%. The first home-buyer tax credit program is approaching its end… Chart 1. MBA Mortgage Applications

Commercial Real Estate Resuming Negative Trend

Moody’s/Real National Commercial Property Index declined 2.6% in February and 25.8% YoY. The chart was constructed with Blytic.You will need to install Microsoft Silverlight to view the graph and use Blytic. I absolutely love the site.

Rig Count Weekly April 19, 2010

Total of 15 new drilling were added to already operating North American rigs: 1 additional crude oil rigs and 14 additional natural gas rigs. The just keep on adding natural gas rigs, negative for the commodity price. On world scale: 115 new rigs were added during March, bulk of which in North America. Chart 1. […]

Goldman Sachs Scandal Sending The Markets Down?

In case you live on a different planet, this is the collection of articles and blog posts on the biggest story this year: SEC/Goldman linkfest by FT Alphaville. If you look at the media, they love it and they have incorporated all the bailout injustice into the story. Dylan Ratigan show: Visit msnbc.com for breaking […]

New Week Intro April 19, 2010

Important U.S. earnings this week: Monday: International Business Machines (IBM), Citigroup (C), Eli Lilly & Co (LLY) Tuesday: US Bancorp (USB), Johnson & Johnson (JNJ), Gilead Sciences (GILD), Apple (AAPL), The Bank of New York Mellon (BK), Unitedhealth Group (UNH), The Coca-Cola Company (KO), Goldman Sachs Group (GS) Wednesday: Abbott Laboratories (ABT), Wells Fargo & […]

Dry Bulk Weekly – 16 April, 2010

Baltic dry index rose 3.3% last week. All index components ended in positive territory. Supramax Index outperformed the Baltic Dry Index while Capesize, Panamax and Handysize Index underperformed. In the last weekly I wrote on new-building deliveries which reached all-time record in firs quarter. In the second hand market we had 157 dry bulk vessels […]

Tanker Weekly – 17 April, 2010

Baltic Dirty Tanker Index rose 1.8%; Baltic Clean Tanker Index decreased 1.8%. Similar as with crude oil markets the demand here is weak, but vessel owners are expecting firm May demand (firm is maybe an understatement). I’m skeptical. Concerning floating storage, recent reports say that 40 VLCC’s or 7.5% of world fleet is used to […]

 

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