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World stocks dither as traders temper rate cut bets

World stocks nudged lower on Monday, pulled in different directions by a scorching U.S. jobs report that dashed expectations of a near-term interest rate cut from the U.S. Federal Reserve, geopolitical tensions and volatile trading in China. Oil prices swung back to retreat after spiking on news of fresh U.S. strikes on Iran-aligned factions in Iraq, Syria and Yemen as ample supply numbers tempered fears about rising tensions in the Middle East MSCI’s broadest index of world shares fell 0.1% while in Europe, Germany and France’s bourses tipped lower 0.1% ...

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Dollar hits two-month high as Fed rate cut bets recede

The dollar rose to a two-month high against its major peers on Monday as traders clawed back bets for aggressive rate cuts by the Federal Reserve this year. The Fed repricing has followed Friday’s blockbuster U.S. jobs report that far exceeded market expectations and sent U.S. bond yields soaring, boosting the country’s currency. Treasury yields rose further on Monday after Fed Chair Jerome Powell said the central bank could “give it some time” before cutting interest rates. Japan’s yen fell to its lowest since early December in early Asia trade ...

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How much could the farmer protests cost Europe’s economy?

Euronews takes a deeper look at the farmer protests taking place in Germany, France, Romania, the Netherlands and Belgium – and explores how much it could cost Europe. In order to put the current protests taking place across Europe into context, it is important to understand where it all started. The history of the current protests can be traced back to the Green Deal (2019) which involved significant alterations to achieve climate neutrality. The purpose of the deal was to decarbonise and digitalise Europe’s economy. It suggested some serious alterations ...

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Strong job gains may deal blow to Fed confidence on inflation

Federal Reserve policymakers seeking greater confidence that inflation is on track to their 2% goal were dealt a setback on Friday when new data showed U.S. job growth surged last month at well above the pre-pandemic pace, and wage growth accelerated. The numbers – 353,000 new jobs added across a broad range of sectors and hourly earnings up 4.5% from a year earlier – won’t likely push U.S. central bank officials off cutting interest rates later this year. But the ongoing labor market strength could make the road to rate ...

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New report on platform economy marks first step towards considering a new international labour standard

A new Law and Practice report, Realizing Decent Work in the Platform Economy , has been published by the ILO. The report marks a crucial milestone in the process that can lead to a new international labour standard on decent work in the platform economy. It will be discussed at the 2025 and 2026 International Labour Conferences. The report provides up-to-date information on the way countries are handling the opportunities and challenges created by the growth of this form of work, by presenting a description of existing regulations and practices ...

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Red Sea-driven surge in container shipping rates loses momentum

Mass diversions of container ships around Africa’s Cape of Good Hope caused spot rates to surge, but the Red Sea effect has a limit, which may have already been reached. Upward momentum has slackened. Rates in most lanes have leveled off. Several indexes for European lanes have pulled back. The Shanghai Containerized Freight Index (SCFI) dropped 2.7% in the week ending Friday versus the prior week, the first weekly drop since late November. “The squeeze in freight rates into Europe continues to abate from high levels, though freight rates in ...

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LNG shipping stocks: Up or down?

Last week, the UP World LNG Shipping Index (UPI) gained 1.22 points or 0.75%, closing at 163.28 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 1.06%. You can find both indices in the image below. Today, we added a second chart to this weekly report. Moving averages cross into a bull signal as many constituents go sideways or decline. The slower MA 40 (equivalent to 200 days) is now lower than the faster MA 10 (equal ...

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Building The Bridge For Bunker Buyers And Suppliers

A new digital app is being launched in February specifically aimed at bunker buyers and suppliers. Bridge, is a smart bunkering platform, providing an end-to-end solution, from source to transaction, on a single, intuitive app across multiple digital platforms – mobile, tablet and desktop. Bridge is the latest business to be launched by the Peart Group which has been trading in fuels for over 100 years, as well other diverse enterprises. The launch of the app recognises the Group’s extensive experience in, and understanding of, the direction in which the ...

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Shipowners and traders gear up for legal clashes over Red Sea conflict

The shipping industry is gearing up for legal clashes over who is liable for the growing risk of transiting through the Red Sea at a time of heightened security fears. Iran-backed Houthi rebels began attacks on the Suez Canal in November, disrupting what is one of the world’s most important trade routes. Containerships and other vessels are being forced to divert around the Cape of Good Hope in response, adding around 14 to 20 days to journey times. The resulting rise in shipping costs and supply chain delays have sparked ...

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With shipping under attack, regulators should not pile on

Attacks on cargo vessels in the Red Sea by Yemen’s Houthi movement are causing headaches for shipping lines. Freight rates are soaring as shipping companies that normally send cargo between Asia and Europe through the Suez Canal choose between routing vessels the long way around Africa or braving Houthi attack with extra insurance coverage and security. Detours can add more than a week to travel time in each direction and more than a $1 million in costs. French shipping line CMA CGM, for example, has more than tripled what it ...

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MOL Providing Japan Coast Guard with Marine Information on the Seas around Japan through IoS-OP- Contributing to Maritime Safety and Further Advancement of Marine Data Application

Mitsui O.S.K. Lines, Ltd. announced that, on November 1, 2023, it began providing marine data acquired during ship operations, to the Japan Coast Guard(JCG) through the “IoS Open Platform (IoS-OP),” a vessel Internet of Things (IoT) data sharing platform operated by Ship Data Center Corporation (ShipDC; Representative Director and President: Yasuhiro Ikeda, Head Office: Chiyoda-ku, Tokyo). Kawasaki Kisen Kaisha, Ltd. (“K” LINE; President & CEO: Yoshikazu Myochin; Head Office: Chiyoda-ku, Tokyo) and Nippon Yusen Kabushiki Kaisha (NYK Line; President: Takaya Soga; Head Office: Chiyoda-ku, Tokyo) are also providing marine data ...

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Red Sea crisis causes 10-15-day delays in Barcelona port

Ships are calling the Spanish port of Barcelona with a delay of 10 to 15 days as they have to travel around Africa to avoid potential attacks in the Red Sea, port chief Lluis Salvado told reporters on Monday. The officialsaid the delays affected ships carrying all kinds of products, including liquefied natural gas. Barcelona is one of the largest LNG terminals in Spain. Still the delays in the western part of the Mediterranean are shorter, as those ports are closer on the detour route around Africa, he said. “It ...

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Suez Canal Authority assures global shipping lines of support amid rising Red Sea tensions

Global shipping lines passing through the Suez Canal have received assurance of support from the channel’s operator to mitigate current conditions amid rising tensions in the Red Sea. Speaking in a meeting with a group of representatives from maritime companies and agencies, Suez Canal Authority Chairman Osama Rabie said that the entity is working to reduce repercussions on the global trade movement and maritime transport market, according to a statement. This aligns with the authority’s commitment to closely monitor the prevailing tensions in the Red Sea and their impact on ...

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European delivered LNG imports rise to 10.7 mil mt at end of January

LNG imports delivered into Europe were at 10.7 million mt as of Jan. 29, up 2.59 million mt on the week, according to S&P Global Commodity Insights data. Imports this month were around 95% of levels seen in December, which were the highest levels seen since May 2023. The volumes for January were headed to the UK (1.91 million), France (1.73 million mt), Turkey (1.41 million mt), Spain (1.33 million mt), the Netherlands (1.15 million mt), Italy (880,000 mt), Belgium (630,000 mt), Germany (500,000 mt), Poland (240,000 mt), Portugal (240,000 ...

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U.S. coal exports account for larger share of a shrinking market

As domestic consumption of U.S. coal declines in the near term, we expect exports to account for a larger share of total U.S. coal consumption, according to our recently released Short-Term Energy Outlook (STEO). We expect U.S. coal consumption will total 482 million short tons (MMst) in 2024, 29% less than in 2019. We expect that exports will make up 19% of total demand in 2024 and 21% in 2025, up from a share of 14% in 2019 because of decreasing domestic consumption, especially from the electric power sector. We ...

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