Commodity
WTI Crude Approaches $78 as OPEC+ Sticks with Production Increase
WTI crude futures surged more than 2% to near $78 a barrel on Monday, the highest since November 2014, as OPEC+ sticks with its planned 400,000 bpd increase in crude output quota for November, in line with a recommendation from the Joint Ministerial Monitoring Committee, and despite pressure from some countries including the US and India to add more oil to stabilize prices. OPEC+ agreed in July to raise output by 400,000 bpd each month until at least April 2022. Oil prices are up 60% so far on the year.
5 minutes ago
Baltic Exchange Dry Index at 13-Year Peak
The Baltic Exchange Dry Index extended gains to a second straight session, rising 1.3% to 5,267 on Monday, its highest level since September of 2008, amid strength in capesize vessel segment. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, advanced 2.5% to 9,289, also scaling a 13-year peak, amid ongoing pandemic-related constraints, in particular congestion in China, along with increased coal imports and high iron ore exports. Meanwhile, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 0.8% to 3,961, its lowest in almost two weeks. Among smaller vessels, the supramax index dropped 2 points to 3,381.
19 minutes ago
USA Fabrikaufträge sind angestiegen. Aktuell ist die Industrie gut in Fahrt in den USA und das trotz Nachschubproblemen. Mehr Aufträge mehr höhere Preise für Rohstoffe das kann für Gold nicht schlecht sein. Die große Unbekannte bezüglich Rohstoffe ist China die ein sehr großer Verbraucher sind. So blöd es klingt die Situation für Gold wird immer besser aktuell. Für die Minen wiederum werden die Kosten stark ansteigen da ja der Energieverbrauch der größte Kostenfaktor neben der Mitarbeiterbezahlung. Das bedeutet das auch in unserem Sektor zumindestens aktuell die Margen kleiner werden.
United States Factory Orders
US Factory Orders Top Forecasts
New orders for US manufactured goods jumped 1.2% mom in August of 2021, following an upwardly revised 0.7% rise in July and beating market forecasts of a 1% rise. Biggest increases were seen in orders for transportation equipment (5.4%), namely nondefense aircraft and parts (77.9%); and fabricated metal products (2%). On the other hand, decreases were seen in orders for machinery (-1%). Excluding transportation, factory orders edged up 0.5%.
31 minutes ago |
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