Hints and tips:
...S&P is three years on from completing the purchase of analytics group IHS Markit for $44bn and chief executive Doug Peterson told analysts earlier this month that the company was open to “tuck-in acquisitions...
...Meanwhile, S&P Global will release its purchasing managers’ indices for manufacturing and services, with February readings expected to dip slightly from January levels....
...Elijah Oliveros-Rosen of S&P Global Ratings points out that a lot of the debt issued in 2020 will come due between 2025 and 2027....
...One good read Vanessa Friedman on the meaning of Kristen Stuart’s clothes....
...“This is a point of minimum — rather than maximum — confidence,” as Joseph Gagnon of the Peterson Institute told the FT last week....
...The benchmark S&P 500 index is up 13.6 per cent this year....
...Adam Posen of the Peterson Institute of International Economics has argued powerfully that they cannot. I am not convinced. They changed in the late 1970s on a far bigger scale....
...The FTSE 100 has lagged far behind New York’s benchmark S&P 500 and Europe’s region-wide Stoxx 600 in 2023. But some argue that UK stocks suddenly have the wind at their backs....
...Meanwhile, the S&P 500 posted a total return of 17 per cent in the first half of this year and the US Federal Reserve funds rate, a proxy for risk-free returns for investors, is 5.25 per cent....
...The construction purchasing managers’ index from S&P Global and CIPS UK, which measures month-on-month changes in industry activity, fell from 59.1 in March to 58.2 in April....
...EU, France, Germany, Japan, UK, US: Cips/S&P Global manufacturing and services purchasing managers’ index (PMI) data UK, public sector net borrowing data UK, Kantar’s monthly supermarket sales, market...
...Despite these challenges, the final reading of the British manufacturers’ purchasing manager’s index, compiled by S&P Global, rose to 55.8 in April, up from 55.2 in March....
...And please read Kristen’s piece for context on the corporate world’s Russia retreat by looking back at decisions to withdraw from Myanmar....
...(Kristen Talman and Gillian Tett) Sustainability schism raises questions for the ISSB People rarely log on to LinkedIn for a fight, but that’s what broke out on Friday when Bob Eccles, a visiting professor...
...Smart read Ferry operator P&O has sparked outrage in the UK by sacking almost 800 staff, who will be replaced by agency workers paid below the minimum wage (a manoeuvre that is legal because the ships operate...
...Energy has, by far, been the best performing sector in the S&P 500 this year, and momentum trades will fuel stocks even higher....
...The big three rating agencies — Moody’s, S&P, and Fitch — have downgraded Sri Lanka since late last year, and analysts have warned that the war has increased the island country’s chance of default....
...S&P and the other credit rating firms need to keep up the ESG revenues to satisfy shareholders. But conflicts of interest have tripped up rating agencies before....
...That is, if insurers are allowed to raise prices, noted John Iten, an analyst at S&P Global Ratings. California, he pointed out, has regulated limits on insurance pricing....
...But energy has been the top-performing S&P 500 sector this year, marking a 50 per cent rise in 2021. ESG investing has also drawn unprecedented scrutiny in 2021....
...Chart of the Day In most sectors, the majority of organisations’ emissions come from their supply chain, those commonly known as Scope 3 emissions, HSBC found in a breakdown of companies in the S&P Global...
...Provincetown, known as “P-town” to those who live there, is on the tip of Cape Cod in the north-east of the US....
...The number of S&P 500 companies disclosing board oversight policies grew by 14 per cent in the past year to 295, according to an annual index compiled by the Center for Political Accountability and the Wharton...
...Later on Friday morning, the weaker data were reinforced by a flash purchasing managers’ index, compiled by S&P Global, also suggesting that rises in energy and food prices were rapidly cooling activity...
...S&P Global Platts cheered measures to prevent the double-counting of these credits, saying that this would lend “much-needed credibility” to the controversial carbon offset market....
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