Core Viewpoint - The article discusses the innovative approach of using large language models (LLMs) to analyze earnings call transcripts, enabling analysts to assess the sentiment of CEOs regarding future business outlooks and their potential impact on stock prices [1][2]. Group 1: Advanced Earnings Call Analysis - LSEG MarketPsych Transcript Analytics integrates LSEG's data resources with MarketPsych's natural language processing (NLP) capabilities, providing sentiment analysis and thematic data for over 16,000 publicly listed companies [2][3]. - The solution identifies over 1,000 themes and 4,000 event types within earnings call transcripts, allowing for detailed sentiment classification and analysis [3][4]. Group 2: Application Scenarios - Companies with high sentiment scores in earnings calls tend to outperform those with lower scores in the following month, indicating a correlation between CEO sentiment and stock performance [6]. - The built-in ESG sentiment classifier can dynamically monitor ESG-related sentiments, providing risk warnings for companies with low ESG sentiment scores [6][7]. - The analysis system can also quantify the frequency and sentiment of key negative terms mentioned by executives, aiding in risk management and credit risk monitoring [7].

Core Viewpoint - The latest global sanctions report analyzes the expected changes in sanctions inflation and other significant macro trends that will shape the risk landscape this year [2][3]. Group 1: Global Sanctions Index (GSI) - The Global Sanctions Index (GSI) was officially launched in 2022, focusing on the phenomenon of sanctions inflation, which refers to the rapid and continuous increase in the number of sanctioned individuals globally [3]. - As of March 2025, the total number of sanctioned individuals is nearly 80,000, with an annual sanctions inflation rate of 17.1%, down from 18.9% a year ago [6]. - The GSI has reached 446, representing a 446% increase since the baseline date of January 2017 [6]. Group 2: Key Macro Trends - The report identifies six macro trends that will have profound impacts on the sanctions landscape and compliance teams: - **Super Inflation**: Refers to the rapid and sustained growth in the number of sanctioned individuals over time [8]. - **Divergence**: Highlights the gradual breakdown of global consensus on sanctions, the rise of autonomous sanctions measures, and increasing legal conflicts [9]. - **Complexity**: The complexity of sanctions requires deep professional knowledge [10]. - **Extraterritoriality**: Risks associated with secondary sanctions expand the scope of regulation [11]. - **Privatization**: The responsibility for identifying sanctioned targets has shifted from governments to the private sector, often leading to broad descriptive statements rather than specific names [12]. - **Uncertainty**: A new macro trend identified for 2025, indicating increasing uncertainty in global sanctions [13]. Group 3: Divergence Trend - A significant trend that may intensify is divergence, as the global consensus on sanctions has been gradually eroding since the 9/11 attacks. The percentage of UN consensus-based sanctions has dropped to a historical low of 1.25% as of March 2025 [15]. - The divergence phenomenon has persisted for several years, and the current situation may lead to a highly differentiated new era, particularly in light of the U.S. sanctions against Russia [15].

Core Viewpoint - Geopolitical risks and economic decoupling are reshaping the global commodity market landscape, necessitating precise market trend predictions for companies to seize opportunities during transformations [1] Group 1: Event Overview - LSEG will host a high-profile industry seminar during the LME Asia Week on May 19, 2025, supported by LME [2] - The forum will focus on three main topics: US tariff policies, global supply chain resilience, and the upgraded role of Asian markets, analyzing core drivers, technological innovation paths, and potential growth spaces in the metal market [2] Group 2: Agenda and Speakers - The event will include guest registration, opening remarks, and a networking session [4] - Bruce Alway, Director of Metal Research at LSEG, will discuss how trade barriers and geopolitical factors are reconstructing the value chain of transition metals and provide strategic foresight for the base metal market amid de-globalization trends [5] Group 3: Commodity Trading Insights - Access to timely and correctly formatted information is crucial for success in commodity trading [8] - Each data point, from oil storage levels in Cushing to grain quality in the Black Sea region, adds valuable insights to global trading decision-making processes [9] - Utilizing structured approaches to leverage fundamentals, supply and demand, vessel tracking, reserves, and alternative data sources enhances traders' competitive advantages [10] Group 4: LSEG's Commodity Trading Solutions - LSEG offers comprehensive data and analytical methods for global metal trading, utilizing machine learning and AI to expand coverage and predict market trends [17] - The company provides tools, fundamentals, forecasts, alternative data, and the latest news to help clients excel in competitive environments [12] - LSEG's energy commodity trading solutions cover a wide range of assets, including oil, gas, electricity, coal, and carbon, supported by exclusive partnerships and a vast network of research experts [15][16]

Core Viewpoint - The article discusses the current sentiment in the precious metals market, highlighting the decline in long positions for most metals except copper and palladium, and the implications of U.S. economic conditions and Federal Reserve policies on these markets [2][7][24]. Group 1: Market Sentiment and Positioning - As of last Tuesday, all U.S. precious metal futures saw a decrease in fund long positions, with only copper and palladium continuing to rise [2][7]. - The gold fund long positions fell by 5% week-over-week, marking a continuous decline for seven weeks, while the net long position dropped to 349 tons, the lowest in 62 weeks [7]. - Silver's fund long positions increased by 2%, but the net long position decreased to 4,704 tons, maintaining a net long position for 62 weeks [7]. Group 2: Economic Indicators and Federal Reserve Outlook - The market's expectation for a rate cut by the Federal Reserve in July dropped from 76.4% to 50.1%, while the probability of maintaining the rate in September increased from 6.2% to 12.6% [2][23]. - Concerns are raised about persistent inflation in April and May, which could lead the Federal Reserve to prioritize dollar stability over economic support [24]. - The article suggests that if inflation remains high, the Fed may not cut rates as anticipated, potentially leading to higher rates in the future [24][26]. Group 3: Commodity Price Trends - Year-to-date, gold prices have increased by 30.7%, while fund long positions have decreased by 24.7% [7]. - The article notes that the copper market is facing challenges due to economic recession fears, despite general optimism among experts [18]. - The gold-to-North American mining stock ratio has declined, indicating that mining stocks have underperformed relative to gold prices [20]. Group 4: Market Dynamics and Future Predictions - The article highlights the potential for geopolitical risks to increase, particularly with the upcoming U.S. elections and the implications for monetary policy [25]. - It suggests that if the Fed begins to cut rates but inflation pressures resurface, it will pose a significant challenge for future monetary policy [27]. - The article concludes that strategies such as shorting base metals and holding cash or gold may be prudent in the current market environment [25].

绿色经济由提供具有环境效益产品和服务的企业构成——涵盖从可再生能源和清洁水源到节能建筑和回收服 务的各个领域。这些解决方案贯穿整个价值链，对于应对气候变化以及更广泛的环境挑战至关重要。 在全球不确定性加剧的背景下，本研究分析了绿色经济的波动与长期增长驱动力。 识别绿色价值需要可靠的数据和精准的洞察。自2008年以来，LSEG一直致力于开发专有数 据、分析工具及指数，以衡量企业在绿色经济领域的敞口。本报告展示了这些解决方案的实际 当前，绿色经济领域正面临市场波动，我们发布的《2025年绿色经济投资》报告，旨在帮助投资者剖析短 期市场波动，并挖掘绿色经济的长期增长驱动力及潜在投资机遇。 阅读我们的第六份 年度《投资绿色经济》报告 长按上方二维码 查看我们的报告（英文版） 为何这项研究为何这项研究如此重要？ 获取关于绿色经济全球 增长轨迹和表现的数据驱动型洞察 了解塑造绿色投资机遇的关键地域和行业趋势 探索由气候变化适应所带来的 投资机遇 应用。 在分析过程中，我们运用了LSEG多种专有的可持续发展投资数据，其中涵盖 绿色收入数据 、 气候数据 、 固定收益数据 、 Lipper基金的资金流动与持仓数据 、 大宗商 ...

"LSEG 数据与分析业务在服务财富管理行业方面经验深厚且表现卓越，始终致力于通过其解决方案赋能理 财顾问、帮助客户打造卓越投资体验。LSEG数字财富解决方案融合了行业领先的数据、小部件功能和 API，不仅显著改善了投资者的使用体验，还通过先进的分析技术和无与伦比的数据能力，帮助投资者排除 干扰，快速获取相关且有价值的洞察。" Digital CX奖项是全球唯一的金融业数字化客户服务专业评选活动，旨在表彰全球领先的金融机构和解决方 案提供商在推动数字客户体验创新与卓越发展方面做出的杰出贡献。参与评奖机构来自全球各地，充分体现 了全球协作与共同承诺在推动金融生态系统进步中的重要作用。 LSEG财富管理解决方案 为顾问和投资者创造个性化体验 近期， LSEG 数 据 与 分 析 业 务 财 富 管 理 解 决 方 案 荣 获 数 字 银 行 家 （ The Digital Banker ） 颁 发 的 2025 Digital CX Awards 奖 项 ： 客 户 分 析 与 洞 察 解 决 方 案 杰 出 奖 （ Outstanding Customer Analytics and Insights Solu ...

下图展示了新闻对短期波动性的预测效力。为聚焦于预测波动性本身，而非价格变动方向，我们根据所有历 史每日收益率z分数的绝对值进行分组处理，并绘制出前72小时的平均新闻z分数。LSEG新闻评分结果表 明，在回顾过去五年波动性处于前10%的交易日时，该评分呈现出显著的上升态势。 Amit Das LSEG新闻数据和API业务 探究在非常规交易时段公布的季度收益报告是怎样引发股价大幅变动的。 剖析收益报告披露后新闻报道量的大幅增长态势，并研究其与股票估值的相关性。 探索如何借助新闻情绪来预测收益报告披露后的价格变动趋势，进而挖掘具有价值的交易机会。 理解和管理波动性是交易和投资组合管理中的关键环节。波动性作为衡量业绩最常用指标——夏普比率公式 的重要组成部分，其重要性不言而喻。实际上，近年来市场对波动性的担忧持续升温。VIX指数是追踪市场 波动性的关键指数之一。可以看出，2020年是一个明显的转折点，自此美国市场的波动性呈上升态势。 2020年至今，VIX指数的平均收盘价约为21.7美元，较2015 至 2020年的平均收盘价涨幅超过40%。这种上 升态势并非仅由过去几年中那些我们期望仅出现一次的极端事件所驱动。深入 ...

Core Viewpoint - Geopolitical risks and economic decoupling are reshaping the global commodity market landscape, necessitating precise market trend predictions for companies to seize opportunities during transformations [1] Group 1: Event Overview - LSEG will co-host a high-profile industry seminar with LME on May 19, 2025, focusing on U.S. tariff policies, global supply chain resilience, and the upgraded role of Asian markets [2] - The event aims to analyze core drivers of the metal market, technological innovation pathways, and potential growth spaces, gathering authoritative figures from the metal industry and trade sectors [2] Group 2: Agenda Highlights - The seminar will include guest registration, opening remarks, and a networking session, starting at 15:00 and concluding at 19:00 [4][5] Group 3: Data and Insights - Commodity data is a valuable resource, and obtaining the right information at the right time is crucial for success in commodity trading [7][8] - Each data point, from oil storage levels to grain quality in the Black Sea region, adds critical information to global trading decision-making processes [9] - Utilizing structured approaches to leverage fundamentals, supply and demand, vessel tracking, reserves, and alternative data sources can provide traders with a competitive edge [10] Group 4: Trading Solutions - LSEG offers specialized trading software and insights into energy, agriculture, and metal markets, enhancing competitive advantages in commodity trading [11][12] - The company has one of the largest commodity databases globally, supported by a strong analyst team and exclusive partnerships, streamlining the end-to-end workflow in commodity trading [13] Group 5: Sector-Specific Solutions - Energy trading solutions cover a global ecosystem of oil, gas, electricity, coal, and carbon assets, supported by exclusive partnerships with major data providers [15][16] - Metal trading solutions utilize comprehensive data and analysis methods, including machine learning and AI, to predict market trends across various metal markets [17][18] - Agricultural trading solutions leverage robust fundamental data and alternative sources to forecast price trends, ensuring reliable information for soft commodity trading [19][20] - Shipping trading insights are provided through a team of maritime experts, offering unique perspectives on global shipping transactions [21] Group 6: Data Aggregation and Digitalization - LSEG specializes in standardizing and structuring multiple data sources to generate actionable insights, ensuring reliable solutions for global trading companies [22] - The company ensures access to required information in any digital format, integrating proprietary or third-party data flexibly [22][23]

李冈峰 欧洲天然资源基金 Commodity Discovery 特约分析师 LSEG Workspace用户可以搜寻CFTC寻找最新数据： | | | COMEX黄金 | COMEX白银 | | | Nymex铂金 | Nymex把金 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | (截至4月29日) | 물 | 跟上周比较 | 발 | 跟上周比较 | 官 | 跟上周比较 | 를 | 跟上周比较 | | 管理资金的净多头量 | 360 | -7. 8% | 4, 860 | +19. 4% | -3 | +76. 2% | -42 | -1.4% | | 多头量 | 483 | -5. 6% | 6.657 | +15. 9% | 45 | +11. 2% | 8 | +4. 4% | | 空头量 | 123 | +1. 8% | 1.796 | +7.5% | 48 | -11.5% | 50 | +1.8% | 这是一个主要从美国每周的CFTC数据公布基金(Managed Positions)在当地期货市场的各种部署，继而反映 ...

Core Viewpoint - The article emphasizes the importance of optimizing sanctions lists to enhance compliance efforts and maintain the stability of the global financial ecosystem. It introduces a six-step plan for creating higher-quality sanctions lists that can streamline the compliance process and improve the effectiveness of sanctions screening [2][10]. Group 1: Six-Step Guide to Creating Better Sanctions Lists - Step 1: Record Updates - Track all high-level changes to sanctions lists, including additions, removals, or modifications, to improve transparency and reduce risks during audits [3]. - Step 2: Timely Releases - Schedule updates to avoid operational disruptions, ensuring that changes are communicated promptly to allow for immediate screening [4]. - Step 3: Diverse Format Options - Provide multiple formats for data delivery to facilitate both automated processing and human verification, enhancing overall efficiency [5]. - Step 4: Maintain Consistency - Ensure that information is synchronized across different formats to eliminate discrepancies and improve the accuracy of screening [6]. - Step 5: Clarify Corrections - Establish a robust change tracking mechanism to promptly correct errors and inform users, supporting precise execution of sanctions [7]. - Step 6: Foster Open Communication - Encourage dialogue among stakeholders to enhance understanding and facilitate timely responses to queries, thereby improving the overall effectiveness of sanctions information delivery [8]. Group 2: Importance of Sanctions Screening - Sanctions are protective measures aimed at curbing illegal activities and maintaining the stability of the global financial system. Financial institutions must efficiently receive, understand, and apply the latest sanctions information to achieve this goal [10]. - A well-structured sanctions list can filter out unnecessary noise, allowing global entities to implement sanctions more accurately and effectively [11]. Group 3: Compliance Challenges and Solutions - Sanctions compliance presents challenges due to the constantly changing regulatory environment and the lack of a unified sanctions list. Organizations must ensure they do not engage with sanctioned entities [17]. - The article highlights the significance of having a robust sanctions screening program and obtaining comprehensive and accurate sanctions risk data to navigate the evolving compliance landscape [18].