Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. (NYSE: SPGI) is a leading provider of essential financial intelligence, empowering governments, businesses, and individuals with the right data, expertise, and connected technology to make decisions confidently. As the largest of the Big Three credit rating agencies, S&P Global provides a wide array of services including credit ratings, benchmarks, analytics, and workflow solutions that cater to the global capital, commodity, and automotive markets.
S&P Global Ratings is renowned for its financial research and analysis on stocks, bonds, and commodities. This segment remains the largest credit rating agency worldwide and is pivotal to the company’s profitability. Another significant segment, Market Intelligence, offers desktop, data, and advisory solutions, primarily targeting the financial services industry with platforms like Capital IQ Pro. This division was recently bolstered by the acquisition of Visible Alpha, enhancing its investment research and analytics capabilities.
In addition to these core areas, S&P Global encompasses Commodity Insights (including Platts), Mobility (with Carfax), and Indices (featuring the S&P 500® and Dow Jones Industrial Average®). The company's commitment to innovation and market leadership is further demonstrated through its strategic partnerships and acquisitions, such as the integration with CarNow to enhance automotive data analytics and customer engagement.
Recent news highlights include the integration of DigitalOcean Holdings Inc. into the S&P SmallCap 600, the enhanced oil sands production outlook by S&P Global Commodity Insights, and the strategic partnership between automotiveMastermind and CarNow. Moreover, the company's surveys and reports, like the one conducted with AARP on adult caregiving, showcase its role in addressing contemporary societal challenges.
Visit S&P Global for more information on their offerings and insights.
S&P Global (NYSE: SPGI) has launched the Kensho LLM-ready API in beta, enabling customers to integrate S&P Global datasets with generative AI models. The solution allows natural language querying of financial data through large language models like GPT, Gemini, or Claude. The API provides access to S&P Capital IQ Financials, Compustat® Financials, and Market Data, with partial access to Key Developments and GICRS. Additional datasets will be available throughout 2025. The service has been in beta testing with select customers since April 2024, helping institutions accelerate their GenAI adoption and workflows.
S&P Global (NYSE: SPGI) announced major generative AI enhancements to S&P Capital IQ Pro, introducing Document Intelligence and ChatIQ. Document Intelligence provides smart search and analysis capabilities for company filings, earnings calls, and other documents, while ChatIQ serves as an AI assistant for company and industry research. The platform now includes IQ Newsletters with mid-day market summaries for US, European, and Asian markets. These AI-powered tools aim to streamline analysis, improve user experience, and provide faster insights through modern technology solutions.
Global manufacturing demand showed continued weakness in October 2024, according to the GEP Global Supply Chain Volatility Index, which posted -0.39. U.S. factories made their strongest cutbacks to buying volumes in nearly 18 months, while Europe's industrial recession persisted, particularly affecting Germany's automotive sector.
In contrast, China's factory production rebounded after three months of contraction, and India maintained strong expansion. The index indicated one of the highest levels of spare capacity at global suppliers in over a year, with October marking the 14th consecutive month of excess supply relative to manufacturing demand globally.
By region, North America recorded the weakest purchasing activity (-0.72), followed by Europe (-0.52), while Asia showed more resilience (-0.20).
According to S&P Global Commodity Insights, Canadian oil sands' absolute greenhouse gas emissions increased by less than 1% in 2023 despite production growth. Since 2020, emissions growth has slowed to about 1% annually, compared to 5% in the previous decade. While absolute emissions were 3% higher in 2023 compared to 2019, production grew by 9% (250,000 barrels per day) in the same period. The average GHG intensity of production decreased to 58 kilograms of CO2 equivalent per barrel in 2023, marking a 28% reduction since 2009. Despite this trend, absolute emissions are expected to rise in the near term due to anticipated production increases.
S&P Global (NYSE: SPGI) announced that President and CEO Martina Cheung will participate in the J.P. Morgan 2024 Ultimate Services Investor Conference on November 14, 2024, in New York. Cheung will engage in a fireside chat presentation scheduled for 10:50 am EST. The session will be accessible via webcast, potentially including forward-looking information about the company.
S&P Global Commodity Insights has launched daily spot physical price assessments for pork in Europe and North Asia, effective November 1. The new assessments include the Platts EU Pork Marker (EUPM) for frozen pork belly in Barcelona, Spain, and the Pork Belly Cost and Freight (CFR) North Asia assessment for deliveries to Busan, South Korea. This expansion complements their existing protein price assessments for chicken, beef, and seafood, enhancing transparency in the global pork market where consumption reaches 118.3 million metric tons annually. Pork represents 40% of global per capita consumption and 68.6% in China.
S&P Global (NYSE: SPGI) has completed the sale of its PrimeOne business to TS Imagine, a provider of trading, portfolio, and risk management solutions. The transaction is not materially significant to S&P Global, and financial terms were not disclosed. The deal includes local closings in certain jurisdictions expected over the coming months. PrimeOne had been acquired through S&P Global's merger with IHS Markit in 2022.
MarketAxess Holdings (Nasdaq: MKTX) and S&P Global Market Intelligence have announced a strategic data partnership to enhance fixed-income market transparency. The collaboration involves integrating S&P Global Bond Reference Data into MarketAxess's data products and incorporating MarketAxess CP+™ real-time pricing into S&P Global's Evaluated Bond Pricing. The partnership combines S&P Global's evaluation of over 1.2 million bonds with MarketAxess CP+'s AI-powered real-time pricing, which provides updates every 15-60 seconds. The data integration is set to begin in the first half of 2025.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index recorded a 4.2% annual gain in August 2024, down from 4.8% in the previous month. The 10-City and 20-City Composites showed annual increases of 6.0% and 5.2% respectively. New York led with the highest annual gain of 8.1%, followed by Las Vegas (7.3%) and Chicago (7.2%). Denver showed the lowest growth at 0.7%.
Month-over-month data showed a -0.1% drop in the non-seasonally adjusted National Index, while seasonally adjusted figures posted a 0.3% increase. Home price growth is showing signs of strain, recording the slowest annual gain since mortgage rates peaked in 2023, with prices decelerating for six consecutive months.
Global M&A activity showed positive momentum in Q3 2024, with deal announcements increasing 0.36% quarter-over-quarter and 7.3% year-over-year, reaching $708.74 billion in total value. This marks the first consecutive quarterly growth since 2020. However, equity issuance faced challenges, with total value dropping nearly 33% to $65.63 billion from Q2 levels and 21% from the previous year. The number of equity issuances fell to 788, down 241 from Q2 2024. Market volatility and upcoming US elections are expected to impact IPO activity, while potential Federal Reserve rate reductions could support M&A financing costs.
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