shareswizard of 10years and still going strong

Container shipper Neptune Orient Lines says for the 4 weeks from Oct 17 to Nov 13 (Period 11), container shipping volumes increased 23% y-o-y to 208,000 FEU (Forty-foot Equivalent Unit) while average revenue per FEU declined 28% y-o-y to US$2,239 ($3,109).

The increase in volume was mainly due to higher volumes lifted in several trade lanes. Lower average revenue per FEU was due to lower core freight rates and lower bunker recovery.

news at 5.19pm 7th dec 2009
after market closes

FROM BLOOMBERG

Yen, Dollar Rise on Rate Outlook, Gold Falls Most in 14 Months Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Justin Carrigan

Dec. 7 (Bloomberg) -- The yen strengthened and the dollar rose to its highest level in a month against the euro as investors weighed whether the world economy is recovering fast enough to warrant higher central bank interest rates. Gold headed for the steepest two-day retreat since October 2008.

The yen advanced against all 16 most-traded currencies tracked by Bloomberg at 10:21 a.m. in New York. The dollar gained versus 13. The MSCI Emerging Markets Index dropped for a second straight day as Dubai’s equity index plunged 5.8 percent to a four-month low. Gold fell 2.1 percent in New York, while crude oil dropped a fourth consecutive day. European equities fell, while the Standard & Poor’s 500 Index rallied.

Federal Reserve Chairman Ben Bernanke speaks today for the first time since the Dec. 4 U.S. employment report signaled a surprise drop in the jobless rate, stoking expectations the Fed may raise rates sooner than economists had anticipated. Investors are concerned banks may have to increase writedowns that have reached $1.7 trillion worldwide since the credit crunch began, as Dubai World seeks to delay payment on $26 billion of debt.

“On the U.S. dollar front we now have an early indication on the level of volatility that a shift in monetary policy can trigger,” Khurram Butt, in the Treasury sales division of Europe Arab Bank Plc in London, wrote in a client note. “Before the job report, the chances of a June Federal Reserve rate hike was implied at only 35 percent, but this jumped to above 50 percent after the unemployment number came out.”

Yen, Dollar Gain

The yen rose most against higher-yielding currencies, advancing 1.5 percent versus the New Zealand dollar. The U.S. dollar traded at its highest level since Nov. 4 versus the euro, extending gains made at the end of last week that followed the U.S. employment report.

Treasury two-year notes advanced on speculation Bernanke may try to damp optimism about the strength of the economic recovery in his speech today. The benchmark two-year note yield fell two basis points to 0.81 percent.

The U.S. lost 11,000 jobs in November, less than the 125,000 median forecast of 82 economists in a Bloomberg survey, the Labor Department said Dec. 4. Fed-funds futures contracts on the Chicago Board of Trade showed today a 16 percent probability the central bank will increase its benchmark overnight rate to at least 0.5 percent by March, up from 11 percent a week ago.

Gold futures for February delivery in New York extended their decline since Dec. 3 to 6 percent, falling to $1,145 an ounce as the Dollar Index’s advance curbed the metal’s appear as an alternative asset.

Four-Day Retreat

Crude oil futures slumped 1.3 percent and have now lost 4.9 percent since Dec. 1. The Reuters/Jefferies CRB Index of commodities declined for a fourth day, the longest losing streak since August.

The Dubai Financial Market General Index sank the most among benchmark equity indexes worldwide. The measure has tumbled 17 percent since Dubai announced on Nov. 25 that state- owned Dubai World would ask creditors for a “standstill” agreement on its debt, including property company Nakheel PJSC’s $3.5 billion bond due for repayment in a week.

Russia’s Micex Index dropped 1.4 percent as oil company OAO Rosneft sank on falling crude prices. South Africa’s FTSE/JSE Africa All Shares Index declined 0.9 percent, after gold producer AngloGold Ashanti Ltd. retreated 3.7 percent.

Europe, U.S. Stocks

The Dow Jones Stoxx 600 Index, the benchmark for European stocks, slumped 0.3 percent. Fresnillo Plc, the world’s largest primary silver producer, and Xstrata Plc led basic-resources producers lower in London, losing more than 1.1 percent. Siemens AG, Europe’s biggest engineering company, slipped 1.8 percent in Frankfurt after Morgan Stanley cut its recommendation.

The S&P 500 rose 0.2 percent to 1,108.10, adding to last week’s 1.3 percent advance. Cigna Corp. added 5.1 percent, leading gains among health-care companies, after Goldman Sachs lifted its industry rating to “attractive,” citing cheap shares and “limited downside risk under likely outcomes for health reform legislation.”

To contact the reporter on this story: Justin Carrigan in London at jcarrigan@bloomberg.net.

Last Updated: December 7, 2009 10:31 EST
WHAT DID I TELL YOU??THE TREND HJAS JUST STARTED TO CHANGE FROM USD DOWN, US STCK MKT UP, TO USD UP, US STCKS UP!!

PLUS BDI SURGE PAST 4100 AGAIN!!gd for dry bulk like stx and mercator
good news always happen at strange points!!!same as when sti at 2k!!