video Finance Videos
Baltic Dry sounds alert on global growth
Friday, November 20, 2015 - 01:37
Commodities come under huge pressure again and the Baltic Dry Index - seen as a leading economic indicator - hits its lowest level ever. Kirsty Basset reports on the latest alarm bells to ring over the global outlook.
▲ Hide Transcript
▶ View Transcript
Commodity prices continue to come under pressure. Copper - seen as a bellwether of the global economy because of its wide industrial use - is near a 6 and a half year low. Partly on concerns that China's 10-1/2 trillion dollar economy doesn't need quite as much of the metal as it used to, as it transitions away from manufacturing led growth towards an economy more driven by services. Adam Chester is from Lloyds Bank. (SOUNDBITE)(English) HEAD OF ECONOMIC RESEARCH AND MARKET STRATEGY, LLOYDS BANK, ADAM CHESTER SAYING: "Clearly there are concerns about the outlook for global growth, particularly in emerging markets, in Asia and Brazil. But also I think there's a broader supply issue. The world is oversupplied with oil in particular and commodities generally at the moment. And that supply glut is weighing on commodity prices and pushing them to new lows." Crude futures have already lost around 60 per cent of their value since 2014 as supply exceeds demand. But that downward momentum could change. (SOUNDBITE) (English) HEAD OF ECONOMIC RESEARCH AND MARKET STRATEGY, LLOYDS BANK, ADAM CHESTER SAYING: "We think oil prices will turn higher into the end of the year and move north over the course of 2016." Adding to the gloom - an index seen as a good reflection of the health of world trade fell to its lowest level on record. The Baltic Dry Index which tracks rates for ships carrying dry bulk commodities - has dropped almost 60 per cent from its peak this year. But one commodity bucking the trend on Friday was zinc. After hitting a 6 year low a day earlier, it surged nearly 6 per cent after Chinese zinc producers agreed to slash production.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Baltic Dry sounds alert on global growth
Friday, November 20, 2015 - 01:37
Top News »
8:38am EST - (1:23)
8:00am EST - (2:19)
10:54am EST - (1:29)
Tue, Feb 19, 2019 - (0:46)
Tue, Feb 19, 2019 - (1:00)
Tue, Feb 19, 2019 - (1:28)
Tue, Feb 19, 2019 - (0:55)
Tue, Feb 19, 2019 - (2:13)
Tue, Feb 19, 2019 - (1:29)
Tue, Feb 19, 2019 - (0:21)
Tue, Feb 19, 2019 - (1:49)
Tue, Feb 19, 2019 - (1:41)
Migrant Crisis »
Thu, Nov 15, 2018 - (2:23)
Thu, Nov 15, 2018 - (1:26)
Fri, Mar 16, 2018 - (0:50)
Fri, Dec 22, 2017 - (1:52)
Fri, Dec 22, 2017 - (1:07)
Fri, Dec 22, 2017 - (1:37)
Editors' Picks »
8:37am EST - (1:34)
Tue, Feb 19, 2019 - (1:13)
Tue, Feb 19, 2019 - (1:31)
Mon, Feb 18, 2019 - (1:52)
Fri, Feb 15, 2019 - (1:55)
Thu, Feb 14, 2019 - (2:50)
Thu, Feb 14, 2019 - (2:00)
Thu, Feb 14, 2019 - (1:24)
Thu, Feb 14, 2019 - (1:58)
Thu, Feb 14, 2019 - (1:15)
Politics »
8:38am EST - (1:23)
1:18am EST - (1:49)
Tue, Feb 19, 2019 - (1:00)
Tue, Feb 19, 2019 - (0:55)
Tue, Feb 19, 2019 - (2:13)
Tue, Feb 19, 2019 - (1:29)
Tue, Feb 19, 2019 - (0:21)
Mon, Feb 18, 2019 - (1:50)
Mon, Feb 18, 2019 - (2:15)
Mon, Feb 18, 2019 - (1:19)
Mon, Feb 18, 2019 - (1:28)
Mon, Feb 18, 2019 - (0:21)
Innovations »
10:58am EST - (2:06)
6:29am EST - (1:42)
Tue, Feb 19, 2019 - (1:53)
Mon, Feb 18, 2019 - (1:34)
Fri, Feb 15, 2019 - (1:20)
Fri, Feb 15, 2019 - (1:13)
Thu, Feb 14, 2019 - (1:23)
Thu, Feb 14, 2019 - (1:21)
Thu, Feb 14, 2019 - (1:57)
Thu, Feb 14, 2019 - (1:26)
Entertainment »
7:16am EST - (1:09)
1:17am EST - (1:08)
Tue, Feb 19, 2019 - (1:45)
Tue, Feb 19, 2019 - (2:19)
Mon, Feb 18, 2019 - (2:21)
Mon, Feb 18, 2019 - (2:19)
Mon, Feb 18, 2019 - (1:50)
Sun, Feb 17, 2019 - (1:49)
Sun, Feb 17, 2019 - (2:23)
Sun, Feb 17, 2019 - (2:08)
Sun, Feb 17, 2019 - (2:09)
Sun, Feb 17, 2019 - (1:05)
Rough Cuts »
6:29am EST - (0:54)
Tue, Feb 19, 2019 - (1:00)
Tue, Feb 19, 2019 - (0:55)
Tue, Feb 19, 2019 - (1:00)
Tue, Feb 19, 2019 - (2:13)
Tue, Feb 19, 2019 - (0:21)
Tue, Feb 19, 2019 - (0:46)
Mon, Feb 18, 2019 - (2:21)
Mon, Feb 18, 2019 - (1:50)
Mon, Feb 18, 2019 - (1:28)
Mon, Feb 18, 2019 - (0:21)
Sun, Feb 17, 2019 - (2:23)
Moving Pictures »
Fri, Feb 01, 2019 - (2:27)
Wed, Jan 02, 2019 - (2:29)
Mon, Dec 17, 2018 - (2:17)
Fri, Nov 30, 2018 - (2:45)
Thu, Nov 22, 2018 - (2:41)
Mon, Oct 01, 2018 - (2:30)
Fri, Aug 31, 2018 - (2:23)
Tue, Jul 31, 2018 - (1:44)
Fri, Jun 29, 2018 - (2:05)
Fri, Jun 01, 2018 - (2:38)
Reuters Investigates »
Wed, Oct 11, 2017 - (10:18)
Wed, Aug 23, 2017 - (6:44)
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Dateline Asia »
Mon, Feb 18, 2019 - (1:05)