Commodities Flat in January After Second-Best Yearly Performance in Two Decades
The 24 individual commodities comprising the S&P GSCI finished the first month of 2023 with divergent performance. This echoed the uncertain path forward regarding inflation expectations. Half outperformed, with industrial metals leading the way, while the other half declined, with natural gas tanking, as European countries filled their tanks to their brims. Gold had one…
Commodities Outperform for the Second Year in a Row
The market standard commodities benchmark, the S&P GSCI, performed admirably in 2022, rising 26%, outpacing other commodities indices and asset classes, as well as defying higher interest rates and growing fears of a prolonged global economic slowdown, while high inflation provided a solid backdrop for one of the most inflation-sensitive asset classes. Commodities has been…
How Indexing Works for Carbon Markets
How are innovative indices tracking compliance and voluntary carbon futures markets bringing greater transparency to the energy transition? S&P DJI’s Jim Wiederhold and KraneShares’ Luke Oliver discuss how first-to-market benchmarks are democratizing access to global carbon markets.
- Categories Commodities, ESG
- Tags alternative investments, carbon futures markets, carbon markets, commodities, compliance carbon markets, energy transition, ESG, global voluntary carbon futures markets, indexing carbon markets, Jim Wiederhold, KraneShares, Luke Oliver, S&P Dow Jones Indices, S&P GSCI Global Voluntary Carbon Liquidity Weighted, voluntary carbon markets
- Categories
- Commodities, ESG
- Tags
- alternative investments, carbon futures markets, carbon markets, commodities, compliance carbon markets, energy transition, ESG, global voluntary carbon futures markets, indexing carbon markets, Jim Wiederhold, KraneShares, Luke Oliver, S&P Dow Jones Indices, S&P GSCI Global Voluntary Carbon Liquidity Weighted, voluntary carbon markets
Commodities Challenged by Slowing Global Growth in November
Commodities, represented by the broad-based S&P GSCI, fell 1.7% in November on the back of weakness in the petroleum and grains complexes. Global commodities markets were particularly hit this month by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains falling to multi-month lows and safe-haven gold rising. After 11 months,…
Petroleum Helped the S&P GSCI Gain 6.7% in October
Commodities, represented by the broad-based S&P GSCI, rose 6.7% in October on the back of strength in the petroleum complex. During the month, the director of the International Energy Agency said the world is in the middle of “the first truly global energy crisis.” All petroleum constituents rose by double-digit percentage points. Livestock also rose,…
- Categories Commodities
- Tags commodities, electricity, energy, energy prices, fuels, grains, industrial metals, inflation, natural gas, oil, precious metals, S&P GSCI, S&P GSCI Agriculture, S&P GSCI Aluminum, S&P GSCI Gold, S&P GSCI Heating Oil, S&P GSCI Lean Hogs, S&P GSCI Natural Gas, S&P GSCI Nickel, S&P GSCI Soybeans, S&P GSCI Wheat, SP GSCI Corn, supply chain
- Categories
- Commodities
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- commodities, electricity, energy, energy prices, fuels, grains, industrial metals, inflation, natural gas, oil, precious metals, S&P GSCI, S&P GSCI Agriculture, S&P GSCI Aluminum, S&P GSCI Gold, S&P GSCI Heating Oil, S&P GSCI Lean Hogs, S&P GSCI Natural Gas, S&P GSCI Nickel, S&P GSCI Soybeans, S&P GSCI Wheat, SP GSCI Corn, supply chain
Spotlight on Commodities: Inflation and Innovation
What could the convergence of inflation and interest rate tightening mean for commodities? CME Group’s Blu Putnam takes a fundamental look at global commodity markets with S&P DJI’s Jim Wiederhold and Kelsey Stokes.
Will Diwali Light Up Demand for Gold in the Fourth Quarter?
During the Diwali festival in India, retail gold demand tends to pick up, offering a floor to global gold prices or the potential impetus to push prices seasonally higher. Several years of lower-than-expected gold demand suggest that there is room for an uptick in demand in Q4 2022 for India’s second-largest import by value. India…
- Categories Commodities, India
- Tags commodities, Diwali, gold, gold demand, gold market, India, inflation, S&P GSCI Gold
- Categories
- Commodities, India
U.S. Dollar Strength Catches Up with Commodities
U.S. dollar strength caught up with commodities in September, with the benchmark S&P GSCI falling 7.8%. Almost all physical commodities are priced in USD, and a stronger USD has historically correlated to weaker commodity demand and lower commodity prices. But the S&P GSCI is holding onto a 21.8% YTD gain despite the USD strength, energy…
- Categories Commodities
- Tags commodities, electricity, energy, energy prices, fuels, grains, industrial metals, inflation, natural gas, oil, precious metals, S&P GSCI, S&P GSCI Agriculture, S&P GSCI Cotton, S&P GSCI German Power, S&P GSCI Gold, S&P GSCI Industrial Metals, S&P GSCI Natural Gas, S&P GSCI Petroleum, S&P GSCI Silver, supply chain
- Categories
- Commodities
- Tags
- commodities, electricity, energy, energy prices, fuels, grains, industrial metals, inflation, natural gas, oil, precious metals, S&P GSCI, S&P GSCI Agriculture, S&P GSCI Cotton, S&P GSCI German Power, S&P GSCI Gold, S&P GSCI Industrial Metals, S&P GSCI Natural Gas, S&P GSCI Petroleum, S&P GSCI Silver, supply chain
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…
