Important U.S. earnings this week: Monday: Heartland Express (HTLD), Commerce Bancshares (CBSH), Shaw Group (SHAW), CSX (CSX), Alcoa (AA), Novellus Systems (NVLS) Tuesday: Intel (INTC), Yum! Brands (YUM), Fastenal (FAST), Wednesday: ADTRAN (ADTN), Marriott International (MAR), Westamerica Bancorp. (WABC), Landstar System (LSTR) Thursday: JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), People’s United Financial […]

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Baltic dry index fell 16.6% last week; The hardest hit were Panamaxes with 20.6% loss; Capesizes lost 20.0% ; Handysizes and Supramaxes lost 10.3% and 8.9%. Chinese tax rebates on hot-rolled coil and some cold-rolled coil and galvanized products will be removed starting July 15. This makes Chinese steel exports uncompetitive and it is moving the markets. Chinese steel […]

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Baltic Dirty Tanker Index fell 4.2%; Baltic Clean Tanker Index rose 0.5%. In short, the supply of vessels overwhelms cargoes needed to be transported for at least following month. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes

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