标准普尔全球公司表示，哈佛大学的AAA评级目前能够承受特朗普的威胁。(新浪财经) ...

Core Insights - The GEP Global Supply Chain Volatility Index fell to -0.46 in May from -0.39 in April, indicating increasing spare capacity in global supply chains due to tariffs and trade tensions [1][5][10] Group 1: Regional Analysis - Asia reported the greatest degree of spare capacity in 18 months, with raw material purchases declining for the second consecutive month, primarily driven by a decrease in Chinese factory demand [2][8][10] - North America's supply chains remain underutilized, particularly in Mexico and Canada, although U.S. manufacturers increased raw material purchases to bolster inventories against potential price hikes [3][9][10] - Europe's industrial sector showed signs of recovery, with activity levels stabilizing, particularly in Germany due to fiscal stimulus, while the U.K. faced significant underutilization in its manufacturing sector [4][10] Group 2: Supply Chain Metrics - Global demand for raw materials and components remained weak, marking the lowest level year-to-date, with procurement activity in Asia experiencing its sharpest decline in nearly 18 months [8][17] - The North American index improved to -0.24 from -0.34, reflecting a slight increase in purchasing volumes in the U.S., while the European index remained stable at -0.30, indicating underutilized capacity [10][17] - The U.K. index rose to -0.97 from -1.12, still indicating significant slack in supply chains and ongoing weakness in the manufacturing industry [10][17]

*Note: California's figures are a recent monthly average of expired tags provided to CARFAX by the California Department of Motor Vehicles (DMV). Some states have penalties that can run up to hundreds or even thousands of dollars. In some instances, drivers can face jail time for repeat offenses, including in New York state, Florida, Washington, and Georgia, according to their DMV sites. For example, in California, the Department of Motor Vehicles (DMV) says that if a vehicle's registration has been expired ...

Group 1 - The company is undergoing a significant transition with the recent appointment of Martina Cheung as CEO, who has a strong background in various senior leadership roles within the organization [3][4] - The CEO has announced the spin-off of the Mobility division, indicating a strategic shift in the company's focus and operations [3] - There is a strong emphasis on building and maintaining trusted relationships with clients globally, which is seen as a key driver for future growth [4] Group 2 - The company is experiencing considerable policy and macroeconomic volatility, which presents both challenges and opportunities for strategic decision-making [3] - The CEO expresses optimism about the company's growth potential across its divisions and the overall enterprise, highlighting the excitement generated from customer interactions and feedback [4]

A month has gone by since the last earnings report for S&P Global (SPGI) . Shares have added about 2.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is S&P Global due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out ...

Financial Data and Key Metrics Changes - The company has experienced a stable revenue environment, with most revenues being recurring and insulated from short-term volatility [12][13] - The guidance for the ratings business reflects expected ups and downs due to market volatility, with a flat year-over-year build in issuance anticipated [23][25] Business Line Data and Key Metrics Changes - The mobility division is being spun off, which had shown 8.4% growth last year with a 39% margin, indicating strong performance [15][17] - Private credit revenues have grown strongly, with a reported 21% growth in enterprise private markets revenues in the current year [28] Market Data and Key Metrics Changes - The global debt markets are experiencing volatility, but the company has a solid foundation for understanding investor behavior, which informs their guidance [22][23] - The company anticipates a flat M&A environment, with pent-up demand expected to manifest in future years [25] Company Strategy and Development Direction - The company is focusing on integrating data teams and applying generative AI to enhance capabilities across divisions, aiming for accelerated growth [6][10] - The strategic growth themes include private markets and generative AI, with more details expected at the upcoming Investor Day [11] Management's Comments on Operating Environment and Future Outlook - Management has noted reasonable stability in customer behavior and robust pipelines across divisions, indicating a positive outlook despite macro volatility [12][13] - The company is committed to a disciplined approach to capital allocation, maintaining an 85% guideline for capital return to shareholders [72][73] Other Important Information - The mobility business is viewed as better suited to operate as a standalone entity, with limited synergies expected post-spin [18][20] - The integration of generative AI is seen as a significant opportunity for operational efficiency and margin improvement across the organization [61][63] Q&A Session Summary Question: What is the vision for S&P Global over the next three to five years? - The company aims to leverage its comprehensive market coverage and capabilities in benchmarks, analytics, and data to deliver value and accelerate growth [9][10] Question: Are there any areas of the business experiencing revenue pressures? - Most revenues are recurring and stable, with no major changes in customer behavior observed so far [12][13] Question: What is the rationale behind the mobility spin-off? - The mobility division serves a distinct customer base and is expected to perform better as an independent entity, allowing for greater focus and growth opportunities [17][20] Question: How is the company addressing the impact of AI on its market intelligence platform? - The company is integrating generative AI across the organization, focusing on enhancing capabilities and operational efficiencies [46][55] Question: What are the expectations for margin improvement in the market intelligence business? - The company anticipates margin improvements driven by generative AI integration and disciplined execution [63][64]

香港金融管理局最新数据显示， 2025 年 4 月底官方外汇储备资产达 4250 亿美元，相当于香港流通货币 的 6 倍多，为联系汇率制度提供了坚实保障。这种超常规的防御性缓冲使香港在全球金融波动中保持独 特优势。 标普指出，香港政府净资产占 GDP 比重超过 40% ，财政缓冲能力强劲，有助于应对潜在经济波动。 2. 经济复苏态势向好 5 月 27 日，两大国际评级机构标普和穆迪分别发布对香港的最新信贷评级报告。 标普宣布维持香港"AA+" 的信贷评级，评级展望保持"稳定"，反映出该机构对香港稳健的财政状况和 外部金融实力的持续认可。 值得注意的是穆迪在维持香港"Aa3" 信贷评级的同时，将评级展望由"负面" 调升为"稳定"， 反映其对 香港经济前景的预期改善。 // 香港经济基本面 // 1. 财政储备雄厚 数据显示，截至 2025 年 3 月底，香港财政储备达到 7580 亿港元，相当于约 22 个月的政府开支。特别 值得关注的是，香港政府总债务占 GDP 比率维持在 4.5% 的极低水平，远高于全球大多数发达经济 体。 香港特区政府在回应评级调整时表示："国际评级机构的决定反映了香港在全球经济和金融不 ...

NEW YORK, May 27, 2025 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today released the March 2025 results for the S&P CoreLogic Case-Shiller Indices. The leading measure of U.S. home prices recorded a 3.4% annual gain in March 2025, a slight decrease from the previous reading in February 2025. More than 27 years of history are available for the data series and can be accessed in full by going to https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/.YEAR-OVER-YEARThe S&P Cor ...

Core Viewpoint - Moody's downgraded the U.S. government's credit rating from "Aaa" to "Aa1," marking it as the last major credit rating agency to do so, following S&P Global and Fitch [1][2] Group 1: Credit Rating Downgrade - The downgrade reflects concerns over growing fiscal deficits and elevated total debt, with the U.S. running over a $1.8 trillion deficit in fiscal year 2024 and having over $36 trillion in total debt [3][4] - Moody's indicated that the U.S. fiscal performance is likely to deteriorate compared to its past and other highly rated sovereigns, with expectations of larger deficits as entitlement spending rises [3][4] Group 2: Future Projections - Fiscal deficits could reach 9% of GDP by 2035, up from the current 6.4%, while total debt is projected to rise to approximately 134% of GDP, surpassing levels seen during World War II [4] - Annual interest payments on the debt, which accounted for 18% of revenue in 2024, are expected to increase to 30% by 2035 [4] Group 3: Legislative Impact - House Republicans' proposal to make temporary tax cuts permanent could add an estimated $4 trillion to the fiscal deficit over the next decade, excluding interest payments [6] Group 4: Market Reactions - Historical responses of the S&P 500 to previous credit downgrades show initial sell-offs followed by recoveries, indicating that the market may not react severely to the downgrade [7][10] - The muted market response to the recent downgrade may be attributed to prior warnings from Moody's and the established understanding of the U.S. debt situation [11]

新华财经悉尼5月22日电（记者李晓渝）金融分析公司标普全球（S&P Global）公布的最新数据报告显 示，2025年5月标普全球速览澳大利亚综合采购经理指数（S&P Global Flash Australia PMI Composite Output Index）从4月的51点降至50.6点。 报告显示，澳大利亚私营经济的商业活动在5月继续增长，但由于制造业产出和服务业活动增速双双放 缓影响，私营经济整体的商业活动增速也有所放缓。 最新发布的报告指出，5月速览澳大利亚制造业PMI产出指标从4月的51点下降到50.6点；而速览澳大利 亚服务业PMI商业活动指标则从4月的51点下降到50.5点，为6个月低点。此外，报告中还发布了5月速 览澳大利亚制造业PMI指数，这项指数保持在51.7点不变。 （文章来源：新华财经） 同时，尽管出口恢复增长，但整体的新增业务增速也出现下降。当月，澳私营企业的商业信心也有所减 弱，但企业仍以稳定步伐增加用工。 标普全球市场财智经济研究部总监安德鲁·哈克（Andrew Harker）表示，最新数据显示，澳大利亚私营 经济情况喜忧参半。尽管5月私营经济的产出和新增订单继续增长，但增 ...