Commodities Take a Break over the Northern Hemisphere Summer
The S&P GSCI fell 2.7% in August; renewed strength in agricultural commodities and the continued rally in natural gas were not sufficient to overcome a late-month decline in oil prices. After eight months, the benchmark commodities index is 32% higher YTD, defying higher interest rates and growing fears of a prolonged global economic slowdown. The…
The S&P Systematic Global Macro Index Outperformed YTD
U.S. equities rebounded in July thanks to earnings from mega-cap technology and major oil companies. The S&P 500® surged 9.2%, posting its best month since November 2020 and reversing its 8.3% loss in June. Nevertheless, the S&P 500 remains in correction territory, down 13.1% from its Jan. 3, 2022, record high. The S&P Systematic Global…
Ship Ahoy: Introducing the S&P GSCI Freight Indices
On Aug. 1, 2022, S&P Dow Jones Indices (S&P DJI) launched a series of S&P GSCI Freight Indices, the first of their kind in the market and an expansion of the single-commodity offering of indices based on the S&P GSCI. The S&P GSCI Freight Indices are designed to provide reliable and publicly available performance benchmarks…
Commodities Rise 36% in 2022 after a Flat July
The S&P GSCI remained flat in July, holding on to a 36% YTD gain despite the bearish sentiment permeating the broad financial markets. This benchmark for world commodities has proven its merit during extremely hot inflation. The Fed hiked interest rates another 75 bps to fight inflation late in the month, but several factors across…
Commodities: Inflation, Interest Rates and the U.S. Dollar
After last week’s highest inflation print in over four decades, the U.S. dollar (USD) rose to its strongest level in 20 years, as measured against a broad basket of currencies. The euro also hit parity with the USD for the first time since 2002 as a consequence of Europe’s front-line exposure to the Russia-Ukraine conflict…
S&P Global Commodity Insight’s Mining Data Lays Foundation for the S&P Global Core Battery Metals Index
As mentioned in a previous post, S&P Dow Jones Indices (S&P DJI) partnered with S&P Global Commodity Insights (S&P GCI) to leverage its over 30 years of industry-leading Metals & Mining data and expertise in order to launch the S&P Global Core Battery Metals Index. As the index seeks to identify the key players in…
Compliance versus Voluntary Carbon Markets
After the launch of S&P GSCI Global Voluntary Carbon Liquidity Weighted, the first-to-market benchmark that seeks to track the current performance of global voluntary carbon futures markets, we thought it would be wise to go into further detail regarding the two main types of carbon commodity markets. These two markets are similar in that the…
Putting the Pedal to the Metal: The S&P Global Core Battery Metals Index
While electric vehicles have been attractive to environmentally conscious consumers for several decades, in recent years, they have come into their own as innovation has made them more accessible and practical. With the current prices at the pump, now more than ever, consumers are turning to electric vehicles as a greener and more economical option….
Commodities Hit the Brakes in June
The prospect of higher interest rates, fears of a prolonged global economic slowdown and a strong U.S. dollar put the brakes on commodities prices in June. The S&P GSCI, the broad commodities benchmark, ended the month down 7.6%, taking YTD performance to 35.8%, still the best first half performance since 2008. The deteriorating economic outlook…
Introducing the First Global Voluntary Carbon Market Index
The S&P GSCI Global Voluntary Carbon Liquidity Weighted is the first-to-market benchmark for the current performance of global voluntary carbon futures markets. The index is designed to track the CBL Nature-Based Global Emissions Offset (NGO) futures, underpinned by the Verified Carbon Standard registry, and the CBL Global Emissions Offset (GEO) futures, allowing delivery from CORSIA-eligible…
