[BDI] Record high in three months

source: bloomberg

BDI, Baltic Dry Index which shows global marine trade, hiked over 1200 in last month. It broke through 1207 on March 20, it recorded recent-high, 1335 on March 29. It is 1297 on last March. It moved between 600 and 900 for recent three months.

Rising BDI implies a green light to marine transportation industry. Because it shows a transportation fee of marine dry freight. And its rise implies the recovery of overseas trading and global economy.

Recent index rose over previous peak, 1257 in last November but it is under the peak of 2333 in December, 2013.

The positive signal from BDI supports the recovery of global economy, I guess. And it supports long bias to stocks, euro and high-risk assets, I think.

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