U.S. Freight Carloads Weekly – February 18, 2011
U.S. railroads originated 274,043 carloads, up 6.3% compared with the same week in 2010 and down 4.7% compared with 5-year average. Week over week change was 2.4%.
It doesn’t look particularly strong.
Archive for February 18th, 2011
Morning Reading – Friday, February 18, 2011
*** FT BeyondBRICs: The end of the EM affair? ***
*** The Big Picture: Did Goldman Sachs Kill AIG ? ***
*** The Big Picture: Other central banks try to fight the Fed ***
*** Calculated Risk: The NAR Reponds to Questions of Overstating Sales ***
*** FT Alphaville: The hidden message in Asia’s FDI flows ***
*** The Reformed Broker: The Number One Rule of Market Punditry ***
*** Crossing Wall Street: “Weird Begets Weird” ***
*** The Aleph Blog: Goes Down Double-Speed ***
China’s Central Bank Again Raised Reserve Requirements
he People’s Bank of China raised the reserve requirement ratio for domestic banks by 0.5% to curb inflation.
U.S. Natural Gas Weekly – February 18, 2011
Working gas in storage fell 233 Bcf from previous week. The consensus was at 235 Bcf.
Storage level is 114 Bcf lower than same time year ago.
Heating season is nearing its end, the market is well supplied, so no fundamental reasons for natural gas price recovery.
Reason for price falling in recent week were milder weather forecasts. Technically natural gas is oversold, s I would not exclude price rebound despite unfavorable storage numbers.