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13:45
Baltic Dry Index edges down as capesize and supramax rates weaken
```htmlGolden Ten Data Futures June 24th news: The Baltic Dry Index (BDI) edged down on Wednesday, dragged by weaker rates for capesize and supramax vessels. The BDI fell by 33 points, or 1.2%, from the previous trading day to 2634 points. The capesize index (BCI) declined 96 points, or 2.4%, to 3950 points, hitting the lowest since June 18. Average daily earnings for capesize vessels decreased by $870 to $32,322. The panamax index (BPI) climbed 26 points, or 1.3%, to 2071 points. Average daily earnings for panamax vessels rose by $235 to $18,641. The supramax index (BSI) dropped 12 points, or 0.7%, to 1693 points.```
13:44
US Stock Alert: International oil prices continue to plummet, airline and cruise stocks surge collectively
Glonghui, June 24 — Airline and cruise stocks rose collectively, with JetBlue Airways and Royal Caribbean Cruises up more than 4%; American Airlines, Alaska Airlines, United Airlines, Carnival Cruise, and Norwegian Cruise all rose over 3%, while Southwest Airlines and Delta Air Lines increased by more than 2%. On the news side, U.S. WTI crude oil futures fell below the key $70/barrel mark during intraday trading, plunging over 4% in a day to hit a new low since March 2, returning to levels seen before the outbreak of conflict in Iran. The retreat in oil prices was driven by easing concerns over the Middle East situation, renewed expectations for the resumption of Iranian oil supply, and expectations of U.S. interest rate hikes due to inflation. Previously, UBS released a research report stating that aviation fuel prices have dropped by about 30% over the past month, and that even with higher ticket prices, travel demand remains strong. Ahead of second quarter earnings, the firm named American Airlines and United Airlines as its top picks, and reiterated its “Buy” ratings on Delta Air Lines, Southwest Airlines, and Alaska Airlines.
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