How you read today’s PMI release for the eurozone reveals whether you’re an optimist or a pessimist. The increase from 47.6 to 47.9 in the composite PMI for January cautiously shows signs of bottoming out but also still indicates contraction. We also note that France...

Read More

Tanker and commercial shipping traffic through the Red Sea show signs of a fragile recovery from recent lows, according to ship tracking data, after the US and its allies continued to hit Houthi military assets in an attempt to stop the militant group from hurting...

Read More

Energy prices for Europe are expected to increase as more petroleum products and crude tankers are diverting away from the Rea Sea and Suez Canal. Longer trips for the Middle-Eastern barrels that replaced Russian flows to Europe introduce supply issues, and this is...

Read More

The Baltic Exchange’s dry bulk sea freight index climbed on Wednesday, as rates across ship segments rose amid increased freight activity and some vessel shortages. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up...

Read More

Foreign direct investment (FDI) flows to developing countries fell by 9% to $841 billion in 2023, according to UNCTAD’s latest Global Investment Trends Monitor, published on 17 January. Developing countries in Asia felt the brunt of the decline, registering a 12%...

Read More

The Baltic Sea port of Ust-Luga was exporting crude oil and fuel on Tuesday apart from at Novatek’s NVTK.MM terminal which remained closed after being damaged by fire, according to data from LSEG and industry sources. Novatek said on Sunday it had been forced to...

Read More