Maersk sees weaker container demand as durable goods sales dry up

Shipping containers are transported on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt July 7, 2021. Picture taken July 7, 2021. REUTERS/Amr Abdallah Dalsh/File Photo/File Photo Register now for FREE unlimited access to Register Consumer confidence, port congestion weigh on container demand Number of loaded containers falls by 7.4% in Q2 … Read more

Oil market sees support from physical tightness

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Register Brent futures dipped below $100 last week Some physical crude bids, offers at record highs Outages, strong demand support physical … Read more

BlackRock cuts developed market stocks to underweight as economic outlook worsens

The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, US, May 25, 2021. REUTERS/Carlo Allegri Register now for FREE unlimited access to Register LONDON, July 11 (Reuters) – Asset manager BlackRock said on Monday that it reduced its exposure to developed market equities given a … Read more

Italy’s economy minister says growth could end this year even after strong Q2

ROME, July 8 (Reuters) – Italian economic growth was probably strong in the second quarter but could slow or even stop in the coming months as inflationary pressures rise, Economy Minister Daniele Franco said on Friday. “We estimate there was robust growth in the quarter that has just ended,” Franco told a gathering of bankers … Read more