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15:05
U.S. March New York Fed 1-year inflation expectation at 3.42%, lower than expected
According to ChainCatcher and Golden Ten Data, the US New York Fed's 1-year inflation expectation for March is 3.42%, lower than the market expectation of 3.5%, with the previous value being 3%.
15:03
The Baltic Dry Index hits a one-month high
Golden Ten Data Futures, April 7 – On Tuesday, the Baltic Dry Index rose to its highest level in over a month, as freight rates for all vessel types increased. The Baltic Dry Index climbed 29 points, or 1.8%, from the previous trading day to 2095 points, marking the highest level since March 5. The Capesize Index rose by 62 points, or around 2%, reaching a more than one-month high of 3148 points. Average daily earnings for Capesize vessels increased by $557 to $25,045. The Panamax Index gained 18 points, or 1%, to 1802 points. Average daily earnings for Panamax vessels rose by $164 to $16,220. The Supramax Index climbed 7 points, or 0.6%, to 1231 points.
15:00
Media survey: OPEC's oil production plunged by over 7.5 million barrels last month, marking the largest drop in decades
OPEC's daily output decreased by 7.56 million barrels, falling to 22 million barrels per day. Among them, Iraq, Saudi Arabia, and the United Arab Emirates suffered the most severe production losses.
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