The freight price dropped dramatically in recent weeks. It’s a consequence of the epidemic but may have huge impacts on the global economy
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Europe must choose its philosophy
The European Commission will have to choose between the Franco / German plan and the proposal of “frugal four”. The choice will shape the trajectory of Europe for the years…
The downturn trend in oil price will not reverse
The question on oil is simple: demand has dropped by 30 million barrels / day & inventories are overflowing. If production is cut by 10 million it will not reverse…
Limited rebound in the Chinese activity
The activity does not contract any more in March but the rebound appears limited and without ripple effect. Chinese activity indices rebounded in March. The manufacturing sector index went from…