Morning Call - Concern sentiment continues to put pressure on the market, correcting trend remains, Baltic dry index falls to lowest level since 2020
10/02/2023

Summary

Global stocks fell again. Richmond Federal Reserve president Thomas Barkin was among the latest officials to acknowledge that the US economy is slowing but warned on continuing rate to ensure inflation doesn't get entrenched. The Baltic Exchange's main sea freight index, which measures the cost of shipping goods worldwide, fell about 1.8% to 592 points on Thursday, its lowest since June 2020.

Domestic stocks retreat with low liquidity. Seafood exports are estimated at 600 million USD in January 2023, down 31% over the same period, expected to recover from the second quarter. Many banks simultaneously lowered deposit interest rates.

 

  • Domestic and international news
  • Update business results #VHC #CTS #DAG #PTB #PC1
  • Technical view and recommendations
Category
Daily
Author
SSV
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