BDI 2M Baltic Dry Index
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It's the telegram logo. lol!Note
The Baltic Dry Index (BDI) is a leading economic indicator that measures the cost of shipping goods around the world. It is compiled daily by the Baltic Exchange in London and is based on the average prices that shipping companies charge to transport raw materials such as coal, iron ore, and grain on various routes.The BDI is considered an important indicator of global economic activity because it reflects the demand for shipping capacity and the supply of vessels available to transport goods. When the index is rising, it suggests that there is strong demand for raw materials and shipping capacity, which can indicate increased economic activity and growth. Conversely, a declining BDI can indicate weakening demand and economic slowdown.
Investors and analysts often use the Baltic Dry Index as a tool to gauge the health of the global economy and make predictions about future economic trends. By tracking the movement of the index, they can identify potential opportunities or risks in the market, especially for industries that rely heavily on shipping and raw materials.
Overall, the Baltic Dry Index can be used as a key indicator of economic health and can help investors make informed decisions in a variety of sectors, including shipping, commodities, and global trade.
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