Continued dry weather has driven Rhine water levels lower, boosting industrial shipping costs, Germany’s Federal Waterways and Shipping Administration (WSV) said. The navigation depth at the Kaub bottleneck near Koblenz was about 15 cm on Monday, down from 26 cm on Friday, forcing vessels to operate with reduced loads. As load factors fell, tanker freight from Rotterdam to Karlsruhe rose to about €185–190/t on Monday, versus roughly €180/t last week. WSV expects no material improvement in the co

2026-09-21

Continued dry weather has driven Rhine water levels lower, boosting industrial shipping costs, Germany’s Federal Waterways and Shipping Administration (WSV) said. The navigation depth at the Kaub bottleneck near Koblenz was about 15 cm on Monday, down from 26 cm on Friday, forcing vessels to operate with reduced loads. As load factors fell, tanker freight from Rotterdam to Karlsruhe rose to about €185–190/t on Monday, versus roughly €180/t last week. WSV expects no material improvement in the coming week, though light rain could keep water levels near current readings. The Rhine is a key route for grains, minerals/ores, coal and oil products.

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2026-09-20

Qatari PM says Qatar Investment Authority (QIA) has launched a Doha investment unit to manage domestic investments.

2026-09-21

9月18日,巴菲特指数(沪深300市值/GDP)略微回升至92.11%,不过暂时未打破近两个月震荡下行状态。股债性价比指标——沪深300指数股权风险溢价(ERP)为5.75%,较前一日刷新的逾13个月新高略有回落,依然处于偏高位置;从大周期来看该指标从过去四年波动区间下端逐步向中间区域靠近,暗示目前股市相对国债收益的吸引力有所上升,回到了中性偏高水平。 -------- 注:1、巴菲特指数是通过将股市总市值和GDP来比较,判断目前股市是否高估,通常70-100%为正常估值,低于该区间为低估,高于该区间为高估。 2、沪深300指数风险溢价(ERP)主要对比沪深300收益和国债收益率,统计近10年数据可以发现该指标和股指有明显反向关系,每次股市都处于底部区域时,风险溢价均超过6%,也就是当ERP≥6%,股市有投资性价比,而当ERP≤4%时,则股市往往接近或处于阶段性高点,投资性价比低甚至要小心回调风险。