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Juice
Macro
USD falls against 16 most traded currency pairs
Comment: Basically, weakness in the DXY. Beneficial for commodities. Names here will be our usual suspects, Noble (N21) and Olam (O32)
O&M
Dyna-Mac (NO4) said it had secured orders potentially worth S$115m
Comment: Getting played on the back of rising oil prices and a falling USD too
Coal
Noble (N21) calls for a trading halt pending clarification of news regarding its subsidiary, Gloucester Coal
Comment: We covered this yesterday
Shipping
Two shipping consortiums, of which Neptune Orient Lines' APL is a part, will join forces to form one of the most extensive vessel networks in the world, called The G6 Alliance. 'Container shipping is coming back to its senses. The alliances formed now are on the scale we've not seen before. It is a sign of desperate times as we're seeing them make the necessary capacity adjustments and not fight for market share,' he said.
Comment: Desperate situations call for desperate measures. Seems that this alliance can really be beneficial. Container shipping is more efficient on a greater scale
Sources: Bloomberg, Reuters, WSJ, The Business Times, Analyst Reports, Company Announcements
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