S&P Global Stock Price, News & Analysis

S&P Global Market Intelligence reports that the COVID-19 pandemic and the Russia-Ukraine war will continue to lead to uncertainty in 2023. Key themes include unresolved conflicts, energy security, supply chain disruptions, transitioning labor markets, and a challenging economic outlook. Recessions are expected in Europe and North America, while APAC may avoid them. The interplay of economic and security concerns will likely influence global relationships and markets as countries adjust to new geopolitical realities.

In November, U.S. auto sales are projected at 1.122 million units, indicating a seasonally adjusted annual rate (SAAR) of 14.1 million, a decline from October's 14.9 million. The daily selling rate averages around 44-45K units, consistent since September. Battery-electric vehicles (BEVs) are expected to capture 5.9% of the market. The top EV markets remain coastal states, accounting for 50.5% of registrations. Analysts indicate continued monitoring of inventory for signs of consumer pressure due to economic headwinds.

CARFAX reports that with holiday travel approaching, many vehicles are not ready for the road. Nearly 50% of cars are overdue for tire rotations, and 30% need oil changes. Additionally, 20% of vehicles have unresolved safety recalls. Regular maintenance is crucial, as it can increase a vehicle's resale value by $2,000 on average. CARFAX offers a free tool for tracking service needs and reminders. A well-maintained car is more reliable, lasts longer, and ultimately costs less during ownership.

S&P Global Ratings (SPGR), a division of S&P Global (NYSE: SPGI), announced a settlement with the U.S. Securities and Exchange Commission (SEC) regarding an investigation into ratings assigned to a 2017 residential mortgage-backed securities transaction. SPGR has agreed to pay a penalty of USD 2.5 million but did not admit or deny the SEC's allegations. The SEC acknowledged SPGR's cooperation and remedial actions. SPGR emphasizes its commitment to regulatory compliance and the integrity of its credit ratings process.

S&P Global Commodity Insights announced the launch of the industry's first carbon intensity estimates for diesel, gasoline, and jet fuel on November 15, 2022. These assessments aim to assist refiners, investors, and downstream purchasers in understanding the emissions attributes of key transportation fuels. The carbon intensity estimates will help gauge emissions for refining and trading commodities, with assessments covering regions like Northwest Europe, US Gulf Coast, and Singapore. The initiative responds to growing demand for transparency in carbon emissions and supports the energy transition.

The S&P Global Market Intelligence report forecasts significant trade shifts in 2023 due to the Russia-Ukraine conflict. India emerges as a key trade partner for Russia, with over 100% year-on-year increase in imports since February 2022. The report predicts a 3.5% increase in India's export trade and a 1.3% rise in imports. Global containerized trade is also expected to grow by 3.2% in 2023. However, the International Maritime Organization's new greenhouse gas measures may slow down trade growth and increase logistics costs.

S&P Global Commodity Insights has successfully reviewed and included four additional oil terminals into its Platts Dated Brent and Cash BFOE price assessment processes for June 2023 deliveries. This brings the total to 11 terminals now authorized to deliver WTI Midland crude oil into the Brent benchmark, enhancing supply diversity. The new terminals include EPIC Crude Terminal, Enterprise Houston Ship Channel, Buckeye Texas Hub, and Enbridge Ingleside Energy Center. The first inclusion of a non-North Sea crude grade aims to strengthen the Brent complex for the future.