Freight price breaks records

The cost of tanker transportation has increased to a maximum of 25 years. The freight price, according to Clarkson Research Services, averages $40 thousand per day – and the market paradigm signals that the price tag will be even higher.

The indicator is growing because there is a high demand for fuel and an increase in the length of the ship’s route due to geopolitical difficulties.

This means that prices for everything else will also rise – the consumer will pay for complex logistics.

US companies have effectively worked out the second quarter

The US corporate reporting season for the second quarter turned out to be better than predicted.

75% of the companies that have already reported noted an increase in EPS compared to consensus estimates. The growth rate of profit is estimated by FactSet at 6.7%, the data of companies in the oil and gas sector and the healthcare sector looked better than the rest on average.

At the same time, only 6 out of 11 segments of economic activity report income growth. It is quite a reason to think about the prospects – the recession has just begun.