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Ships get stuck in the doldrums…

There aren’t shortages of goods in the U.S. yet, but shipping news indicated they are on the way.
The U.S. – China tariff war is weighing on the real economy. Container volumes are down by a 1/3 this week in Los Angeles port, and Seattle and Tacoma in Washington are expecting a 40% decline in May.
There are tentative signs of an agreement between the U.S. and China as tariffs are currently sitting at 145% on Chinese imports and up to 125% on American imports.
The price of oil dropped to a 4-year low on news that OPEC+ countries were hiking supply. After dipping below $US60, it’s now rebounded more than 3%.
The Aussie dollar has had a resurgence on the back of a weakening greenback. It’s now at US64.86c.
The S&P/ASX 200 is up today at 8,183.9 as I type. Iron Ore is inching back towards $US100 a tonne.
Auctions (the only method of sale where the seller sets the conditions) are thriving for Ray White’s customers here in Perth. Our clearance rate is 71%, which is higher than the national average.
Call me today if you would like to know how an Auction can maximise your sale price in the shortest days on market.

Jody Fewster

Please contact me on 0414 688 988 or by email at jody.fewster@raywhite.com
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