Note basis the FREIGHTOS data by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below a note basis the FREIGHTOS data by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services.
"Freight rates from Asia have spiked 53% in a month (depending on the route)...plus container shipping giants and oil supermajor BP have halted transit via the Red Sea/Suez Canal route after the attacks (the route assumed even more importance post Ukraine war as Russia shifted its supply largely to Asia post sanctions). We are ending the year with higher global freight and insurance rates, possible upside risk to oil and global trade and re-emergence of the potential supply chain = Cost push Inflation pressures"....Hope it all subsides as we enter the new yr....else apart from other factors, this newly built supply chain pressure will further play spoiler in heavy mkt bets of 150bps Fed cuts in 2024 (starting Mar). #wholovespivot trade
Above views are of the author and not of the website kindly read disclaimer
