S&P Global Stock Price, News & Analysis

S&P Global Market Intelligence has expanded its Equity Bookbuild solution to Japan, marking its first geographic expansion to this significant market. This web-based utility simplifies operational and regulatory tasks for new issuance and has been utilized in the U.S. market for nearly two decades. The platform allows for real-time sharing of deal terms with a vast bank community and enhances operational efficiency. Collaboration with top Japanese investment banks has started, with domestic deals already executed and plans for joint global deals. This expansion demonstrates S&P's commitment to globalizing its solutions.

On April 17, 2023, Platts, part of S&P Global Commodity Insights, introduced nine new daily Black Mass price assessments for China and Europe. This initiative aims to enhance transparency in the battery raw materials market, marking a significant step in pricing the battery recycling supply chain. Black mass, produced from battery production offcuts or end-of-life batteries, is crucial for extracting key materials like lithium, nickel, cobalt, and manganese. The assessments provide insights into the value of recycled materials, which are projected to constitute 30% of nickel, 27% of lithium, and 40% of cobalt demand from 2020 to 2050. This development is expected to facilitate market understanding and support electrification efforts worldwide.

S&P Global Commodity Insights announced the launch of India's first price assessment for recycled polyethylene terephthalate flakes (R-PET) on April 3, 2023. This new assessment aims to improve transparency in pricing amid a rise in demand for recycled plastics. The price assessment will augment Platts' existing R-PET offerings in Europe, the U.S., and Southeast Asia. A recent market study indicated significant growth in India’s plastic recycling capacity, with exports of R-PET flakes quadrupling year-on-year to approximately 10,000 metric tons as of November 2022. The FOB South-Asia assessment will follow a rigorous pricing methodology, reflecting market values determined by buyers and sellers. This initiative is expected to enhance informed trading decisions and support growth in the South Asian recycled plastics market.

S&P Dow Jones Indices and B3 have launched two new bond indices for Brazil's domestic corporate bond market, marking a significant addition to fixed income indices. The S&P/B3 Brazil IPCA Corporate Bond Index and the S&P/B3 Brazil Liquid IPCA Corporate Bond Index will track local currency debentures linked to the IPCA, with the latter focusing on liquidity criteria. These indices aim to provide institutional investors with objective benchmarks for tax-beneficial bonds, enhancing market visibility and supporting new tradeable product creation, including ETFs. The methodology includes rules-based selection and market value weighting, ensuring appropriate liquidity representation. This initiative reinforces S&P DJI's commitment to expanding its offerings in Brazil's financial market.

S&P Global (NYSE: SPGI) will announce its first quarter 2023 results on April 27, 2023, at approximately 7:15 a.m. EDT. A conference call hosted by CEO Douglas L. Peterson, CFO Ewout Steenbergen, and Senior VP of Investor Relations Mark Grant will follow at 8:30 a.m. EDT the same day to discuss the financial results. The call is accessible to the public, and interested parties can find the audio and presentation slides on the Investor Relations website. For live participation, dial-in details are provided, with options for U.S. and international callers. A recorded replay will be available shortly after the call, continuing until May 26, 2023.

S&P Global specializes in providing essential intelligence, including credit ratings and analytics, to help organizations make informed decisions.

S&P Dow Jones Indices reported an increase of $9.7 billion in indicated dividends for U.S. domestic common stocks during Q1 2023, down from $14.6 billion in Q4 2022 and $18.2 billion in Q1 2022. Total common dividend payments reached a record of $146.8 billion for Q1 2023, marking a 0.9% increase over the previous quarter. However, concerns over decreased consumer spending and economic slowdown may impact future dividend growth. For the 12 months ending March 2023, net indicated dividends totaled $59.7 billion, down from $70.1 billion in the previous year.

S&P Global Market Intelligence has officially launched the Equity InvestorAccess platform on April 4, 2023, designed to enhance the efficiency of new issuance workflows for buyside and sellside participants. This innovative platform integrates with the existing Equity Bookbuild application, facilitating order placement and allocation management within a secure, centralized repository. Key features include real-time dashboards for deal intelligence, a single point of entry for order submissions, and comprehensive analytics tracking cross-bank activities. This launch aims to automate an otherwise manual process and improve the overall operational risk management in equity capital markets.

According to the Paychex | IHS Markit Small Business Employment Watch report, small business employment growth showed a modest increase of 0.06% in March 2023, raising the Small Business Jobs Index to 99.73. Average hourly earnings also rose slightly to 4.64%. The South remains the strongest region with an index of 100.68, despite a recent decline of -0.14%. While small business growth is resilient, potential risks persist due to recent banking disruptions affecting capital access. The report draws from payroll data of approximately 350,000 small business clients across the U.S.