The MSCI Asia
Pacific Index fell 0.9% Monday. The measure increased 11% in the first quarter.
dipped 1.74%; China’s Shanghai Composite Index declined 0.09%. South Korea's
Kospi index slid 0.87%. Australia's S&P/ASX 200 slipped 0.49% and the Bombay
Stock Exchange Sensex 30 index in Mumbai climbed 0.33%.
In Europe, the
Dow Jones Stoxx Europe 600 is down 0.52% in early trading Monday.
The ISEQ has
dipped 0.13% in Dublin.
Elan is down 0.76%.
Irish Share Prices
Key Index Performance Statistics
AIB Daily Report
Bank of Ireland Daily Report
The euro is
trading at $1.3016 and at £0.8221.
For live currency updates, check the
right-hand column of the
Finfacts home page.
The US dollar
fell to $1.6038 per euro on Tuesday, July 15, 2008 - an-all time record.
Baltic Dry Index,
a measure of shipping costs for dry commodities,
hit an all-time High of 11,771 on the 21st of May, 2008.
From that time it reversed and on the 5th of December, 2008 it hit a low of 663
- - close to a 1986 low.
On Thursday, July 15, 2010, the index fell for
the 35th straight session, by 9 points, or 0.537%, to 1,700 points,
On Friday last, the
BDI closed up 12 points or 1.25% at 972 - - the BDI
plunged a full 70% from its recent mid-October peak of 2,173 to an all-time low
of 647 on February 3. London's Baltic Exchange was closed on Friday and Monday.
Freighter Oversupply Weighs on Shipowners and
Banks - -
Jan 26, 2012: The New York Times says vessels bought during the global commodity
boom are only now being delivered, putting pressure on the European banks that
financed the purchases.
The skyscrapers and immaculate
beaches of Singapore's seaport look out on one of the world’s largest parking
lots: mile after mile of empty cargo ships, as far as the eye can see.
Similar fleets bob at anchor,
with empty cargo holds, off the coasts of southeast Malaysia and Hong Kong. And
dozens of newly built ships float empty near the giant shipyards of South Korea
and China, their owners from all over the world reluctant to accept delivery
during one of the worst markets ever for the global shipping industry.
As recently as six weeks ago
large freighters that can carry bulk commodities like iron ore or grain were
fetching charter rates of $15,000 a day. Now, brokers and owners say, the going
rate is $6,000 a day. If any customers can even be found.
Crude oil for April 2012 delivery is currently
trading on the
Chicago York Mercantile Exchange (CME/Nymex)
at $102.14 down 69 cents from Friday's close. In London, Brent for April
delivery is trading on the
International Commodities Exchange at
$119.90. The North
Sea benchmark accounts for two-thirds of the global market.
between the US benchmark WTI (West Texas Intermediate) used on the New York
Mercantile Exchange and Brent is over $17 - - The Globe and Mail says that for
the past 10 months, Canadian producers - - whose prices are tied to WTI - - have
been taking steep discounts for their oil compared with international crude
prices that are benchmarked against North Sea Brent, which can be shipped more
readily. In the past, WTI tended to trade at a small premium to Brent, because
it is easier to refine.
hit a peak of $28.08 (US) on Oct. 14, but has fallen dramatically since then.
After plans for more pipeline capacity at Cushing, Oklahoma, the differential
Gold spot price
The spot price
of an oz of gold is trading in New York at $1,645.10, down $13.40 from Friday's
close in New York.
Gold had hit a
record high of $1,921.05 a troy ounce on Sept 6.
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