Rig Count Weekly – December 20, 2010
Number of crude oil drilling rigs fell for 7; Number of natural gas drilling rigs fell for 7.
Archive for December 20th, 2010
Afternoon Reading – December 20, 2010
*** FT Alphaville: Eight bond markets a-sellin’ ***
*** FT Alphaville: Why commodities may not be a good bet ***
*** The Big Picture: My thought on the yr end 2011 price target ***
*** The Big Picture: Eastman Kodak Color ***
Chicago Fed National Activity Index For November At -0.46
Chicago Fed National Activity Index for November was reported at -0.46 vs. revised October reading of -0.25. Chicago Fed National Activity Index 3-month moving average was at -0.41.
Morning Reading – December 20, 2010
*** China Financial Markets: Chinese growth in 2011 ***
*** The Big Picture: Winding Down with an Xmas Rally ***
*** The Big Picture: FusionIQ S&P 500 Technical Snapshot ***
*** FT Alphaville: Those crazy, crazy CACs ***
*** FT Alphaville: An audience with Lloyd Blankfein ***
*** FT Alphaville: Saxo’s outrageous predictions for 2011 ***
*** FT BeyondBRICs: Chinese train driver manual – in English? ***
*** Daily Options Report: VIX-Piracy Time! ***
New Week Intro – December 20, 2010
Weekly economic calendar.
Dry Bulk Weekly – December 20, 2010
Baltic dry index fell 4.6% last week; Capesize Index was up 1.1%; Panamax Index fell 13.6%; Supramax Index was down 3.4%; Handysize Index rose 1.1%.
Iron stockpiles & steel inventory mostly unchanged; Iron ore and steel prices stable. No indication of any major disruptions in Chinese economy. Low rates are probably byproduct of excess supply of ships and seasonal factors (weaker construction steel demand in China during winter months).