Euro extends last week’s 1.2% drop amid French debt fears and political uncertainty in Europe

Shares in Clarkson jumped after the world’s largest shipping services provider upgraded its profit forecast, boosted ⁠by ​elevated freight rates amid geopolitical tensions.

While the environment remains “very volatile,” the company said it ⁠expected underlying profit before tax this year to be “not ​less than £135m” – above ‌analysts’ predictions of £115.2m, and ‌49% higher than last year.

The ongoing geopolitical complexity has created further volatility across commodity and freight markets, accordingly in some areas we have seen record freight rates and this has also then passed through to asset prices.