S&P reaffirmed Italy’s BBB rating on Friday as the agency recognised Italy can still rely on a ‘wealthy, diversified economy and a strong external position’. While in line with consensus expectations, this rating reaffirmation has triggered a mild rally on BTPs, as fears of Italy moving into junk territory are fading and current valuations are […]
Spanish 10-year bond yields hit a new record low on Monday, outperforming their euro zone peers, according to Reuters. Following the resignation of the leader of Spain’s Socialists Pedro Sanchez on 1 October after losing a vote triggered by a party revolt, the move could help end Spain’s nine-month political deadlock, facilitating the formation of a new government. […]
July was a bloodbath for commodities in the Dow Jones Commodity Index (DJCI) losing 6.0% and in the S&P GSCI losing 9.6% in total return. Although the equally weighted DJCI is still up 7.4% YTD through July 29, 2016, the S&P GSCI that is world-production weighted gave up all its gains from Q2 and is now negative 65 basis points for the year, […]
By Jim Caron, Managing Director, Morgan Stanley Investment Management The global economy is slowing – this is old news. The consensus of professional forecasters, including the IMF, have been pointing to a global growth rate over the next few years at approximately 3% since late 2014. It was also well known that the primary source […]
Russ Koesterich, BlackRock’s Global Chief Investment Strategist Stocks advance, but on wobbly trends Stocks advanced last week, with the biggest gains in Asia. In the US, the Dow Jones Industrial Average rose 0.77% to 17,215, the S&P 500 Index grew 0.94% to 2,033 and the tech-heavy Nasdaq Composite Index climbed 1.16% to close the week […]
S&P Dow Jones Indices (S&P DJI) has launched the S&P 500® Catholic Values Index. This index which has been licensed to Global X for product development, includes companies within the S&P 500 whose business practices meet the socially responsible investment guidelines as outlined by the United States Conference of Catholic Bishops (US CCB) and exclude those that do […]
William Davies, head of Global Equities at Threadneedle comments on the latest updates from the Ukrainian crisis and other geopolitical events. Following recent news, investors would be forgiven to think that the Ukraine crisis is de-escalating. However, they can’t afford to take their eye off the ball. In fact they should sharpen their focus on […]
Insurance companies are well placed to fill a $500bn annual gap between infrastructure investment needs and the lending available from traditional sources such as banks, according to research published by S&P RatingsDirect.
The number of European corporates defaulting on their debt hit a four year high in 2013, despite the overall stability returning to the international economy, says Diane Vazza, head of global fixed income research at Standard and Poor’s.
Tim Edwards, a director of the index strategy team at S&P Dow Jones Indices has analysed how the S&P Euro 350 has performed in 2013.
S&P’s analyst Manuel Dusina says that Italian public-private partnership (PPP) programme and ready access to the capital markets should help to encourage institutional investors to participate in the Italian project finance market.
Standard & Poor’s has cut France’s sovereign credit rating by one notch to AA from AA+, judging President Francois Hollande’s economic reforms inadequate to spur growth.