Baltic Dry Index Crashing Again

in #markets • 7 years ago

The Baltic Dry Index, after a brief rally in 2017, fell for the 14th straight session Friday, reaching its lowest level since February, marching once again towards it's all-time low reached in 2016.

https://www.bloomberg.com/quote/BDIY:IND

The index tracks sea freight rates, it's weakness signaling excess capacity and a potential red flag for the global economy.

http://www.hellenicshippingnews.com/baltic-index-continues-to-slide-on-weaker-rates-across-segments/

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#news #economy #steemit
7 years ago in #markets by
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