The Baltic Dry Index tracks the cost of shipping major raw materials (iron ore, coal, grain, cement, copper, sand and gravel, fertilizer and even plastic granules). Or, more simply, it tracks the precursors of economic output. As such, the Index provides a measurement of the volume of global trade at the earliest possible stage. The Index is down 48.4% in the last month, and 54.4% in the last three months.
Almost all the global stock markets are in the bullish mood especially Indian markets. But on the negative side the Baltic Dry Index, which tracks sea freight rates to ship dry commodities, fell for the 30th straight day through Wednesday to its lowest level since May 2009.
Baltic Dry Index is often referred as the leading indicator of th economy. The index measures the demand for shipping capacity versus the supply of dry bulk carriers. The demand for shipping varies with the amount of cargo that is being traded or moved in various markets The BDI is termed a leading economic […]
Baltic Dry Index is Melting…..Crude is Sinking…..Commodities are dragging down…..Yen is Sinking……Dollar…. It is still a mystery Iam really tired of Watching All these things…. I thought these could be the external factors that could affect nifty…. I confused myself and so the decisions here. External Factors doesnt help you if are an fine […]
Baltic Dry Index cracked as usual lost 3% more yesterday. But markets are looking fine uncorrelated with the markets. Baltic Dry Index lost more than 50% from its high. But still there is not significant correction in commodity markets. Moreover Baltic Dry Index is likely to test the 200 day Support zone of 2200 […]
Everything remains the same — Reliance Lags Nifty — Nifty Wintess 3 Week Top Formation in Weekly Charts — Trin is above 1 — FII's Remain Netsellers — Dollar Bottomed Out in short term along formation with bullish divergence in charts — GANN Tussle between bullish and bearish lines from the GANN Charts — […]
Baltic Dry index crashed nearly 40% right from june onwards despite global bullish sentiment with economic recovery. Source: www.marketcalls.in
NMA Strategy shows a sell signal in Sensex indicating a possible trend reversal. Buy Signal reversed after sensex closed at 15160. Now Investors have to wait for Proper Buy Signal. NMA Strategy is good in producing Buy/Sell signals if the Index/Stock is trendy. And useless in times of rangebound and making sideways movements. […]
Most of the metal,coal and shipping Stocks are Jumping higher. But Baltic Dry Index the leading indicator of global economy is constantly in decline mode since June 2009. Aint it Contrary!!! Source: www.marketcalls.in
The Baltic Dry Index is a daily average of prices to ship raw materials. It represents the cost paid by an end customer to have a shipping company transport raw materials across seas on the Baltic Exchange, the global marketplace for brokering shipping contracts. The Baltic is owned and operated by the member buyers and sellers. […]