The MSCI Asia
Pacific Index ex-Japan rose 0.4% on Tuesday.
Nikkei 225 closed down 1.06% following a holiday on Monday; China's Shanghai Composite Index
rose 1.97%; South
Korea's Kospi dropped 0.14%; Australia's S&P/ASX 200 gained 0.52% and in
Mumbai, the Bombay Stock Exchange's Sensex 30 Index climbed 0.26%.
the Dow Jones Stoxx Europe 600 is down 0.33% in morning trading Tuesday.
The ISEQ is
up 0.07% in Dublin.
dipped 0.89%; Aer Lingus is down 2.73%.
Key Index Performance
Bank of Ireland Daily Report
The euro is
trading at $1.2925 and at £0.8069.
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.
The Baltic Dry
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,
this week the BDI closed up 8 points or 0.91% to 883 - - 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.
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.
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.
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
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 November 2012 delivery is
currently trading on the
Chicago York Mercantile Exchange (CME/Nymex)
at $89.56 up 23 cents from Monday's close. In London, Brent for November delivery
is trading on the
International Commodities Exchange at
$112.24. 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 at $21 - - 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
price of an oz of gold is trading in New York at $1,772.20, down $3.30 from
Monday's close in New York.
Gold had hit
a record high of $1,921.05 a troy ounce on Sept 06, 2011.
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