Archives of “January 13, 2022” dayrss
Economic growth in China this year is projected at around 5.5%
- from an estimated 8.2% in 2021
- 5.2% Q1 2022
- 5.5% Q2
- 5.6% Q3
- 5.7% Q4
“The pandemic is still going strong and unfortunately, we are seeing new outbreaks impacting our ability to move your cargo. General sickness remains high as key ports in key regions are seeing new coronavirus peaks.”
In Europe … longer waiting times.
UK, … waiting time delays for vessel berthing ran to seven to 10 days
“The port of Antwerp had up to 10 days wait last week. This week, the numbers could be down to two days.”
At Los Angeles and Long Beach, delays for vessel berthing ranged from 28 days to 45 days, with all North American west coast ports being either “challenging” or “critical”.
In China, the outbreak of coronavirus in Beilun had yet to have an effect on container shipping operations at Ningbo’s five container terminals
Bullard spoke with the Journal, post is here from overnight:
- Fed’s Bullard: “I actually now think we should maybe go to four hikes in 2022″
“If we get a couple of rate-hike moves under our belt during the first part of this year then we’ll be in better shape” for monetary policy over the longer run, and it might allow the Fed to not raise rates as much over time as would be the case if rate rises are delayed, Mr. Bullard said.
Here is the FULL TRANSCRIPT of the interview for more detail (may be gated
The major indices are closing higher but well off their highs for the day.
- The Dow industrial average is up 201 point at the high, and is up 39.48 points at the close
- The S&P index was up 35.54 points at its highs, and is closing up 13.32 points
- The NASDAQ index was up 165.5 points at its high, and is closing up 34.95 points
A more detailed look at the final numbers shows:
- Dow industrial average rose 30.30 points or 0.11% at 3629.33
- S&P index rose 13.28 points or 0.28% at 4726.36
- NASDAQ index rose 34.95 points or 0.23% at 15188.40
- Russell 2000 fell -17.94 points or -0.82% at 2176.05.
Other highlights for the day:
- NASDAQ is closing 6% from its all-time high
- Russell 2000 is closing around 11% from its all-time high
- The Dow is closing -1.8% from its all-time high
- the S&P index is closing around 2% from its all-time high
- The NASDAQ index traded above its 100 day moving average at 15279.67, but is closing below that level.