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INDICES

Disclaimer
S&P Europe 3501,875.42 0.12%S&P 5004,105.34 -0.09%DJIA33,699.04 0.04%S&P/TSX
601,234.2 0.44%S&P/TOPIX 1501,722.9 0.78%S&P/ASX 2007,343.9 0.5%S&P Global
BMI316.62 0.17%S&P/BMV IPC54,253.57 -0.64%S&P Latin America 402,570.48 1.54%S&P
Asia 504,704.18 -1.28%S&P China 5002,587.38 -1%S&P 500 Bond475.35 0.08%S&P 500
VIX Short-Term Futures4.66 -0.91%S&P Europe 3501,875.42 0.12%S&P 5004,105.34
-0.09%DJIA33,699.04 0.04%S&P/TSX 601,234.2 0.44%S&P/TOPIX 1501,722.9
0.78%S&P/ASX 2007,343.9 0.5%S&P Global BMI316.62 0.17%S&P/BMV IPC54,253.57
-0.64%S&P Latin America 402,570.48 1.54%S&P Asia 504,704.18 -1.28%S&P China
5002,587.38 -1%S&P 500 Bond475.35 0.08%S&P 500 VIX Short-Term Futures4.66 -0.91%
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CREDIT CONDITIONS Q2 2023

Capital Markets S&P Global Ratings


NORTH AMERICA:
COALESCING STRESSES


Capital Markets S&P Global Ratings


ASIA-PACIFIC:
STILL STEADY, BANKING TURMOIL RISK IS MODERATE HERE


Capital Markets S&P Global Ratings


EUROPE:
COSTS RISING TO CURE INFLATION


Capital Markets S&P Global Ratings


EMERGING MARKETS:
ENDURING RISKS






2022 ANNUAL REPORT:
POWERING GLOBAL MARKETS

LEARN MORE



S&P GLOBAL DAILY UPDATE

S&P Global Daily Update April 12, 2023


CALLS FOR VERIFICATION IN VOLUNTARY CARBON MARKETS


S&P Global Daily Update April 11, 2023


GLOBAL CREDIT UNDER PRESSURE


S&P Global Daily Update April 6, 2023


CHINESE FINANCIAL REFORMS MAY BE CONSEQUENTIAL AND FAR-REACHING




START EVERY BUSINESS DAY WITH OUR ANALYSES OF THE MOST PRESSING DEVELOPMENTS
AFFECTING MARKETS TODAY, ALONGSIDE A CURATED SELECTION OF OUR LATEST AND MOST
IMPORTANT INSIGHTS ON THE GLOBAL ECONOMY.

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MARKET SCAN IS NOW A PART OF S&P GLOBAL MOBILITY.

READ MORE

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Energy & Commodities


PLATTS PERIODIC TABLE OF OIL - 5TH EDITION SEES NEW DESIGN, CARBON INTENSITY
DATA

The editorial team at S&P Global Commodity Insights has created the 5th edition
of the interactive Periodic Table of Oil with new crude grades, carbon intensity
values, a design refresh and enhanced technology to help customers plan and make
more informed decisions in rapidly changing volatile markets.

Explore the interactive table >




--------------------------------------------------------------------------------

Capital Markets S&P Global Ratings


GLOBAL BANKING RISK MONITOR

Because ongoing developments within the global banking sector have the potential
to prompt various market and policy reactions with increasing credit
implications, S&P Global Ratings is closely assessing and monitoring contagion
risk in the broader financial system and markets.

Capital Markets S&P Global Market Intelligence


BANKING SYSTEM UNDER PRESSURE

Following the collapse of SVB Financial and Signature Bank over a 48-hour
period, the US banking system remains under heavy pressure as contagion risk and
systemic stress persist. Follow this page to stay on top of essential insights
into this evolving situation and to understand the ripple effects on global
banks and markets.

Street Talk S&P Global Market Intelligence


EPISODE 108: WEIGHING FED RATE HIKES AGAINST BANKS' LIQUIDITY CRUNCH

Economists had hopes that the Federal Reserve could achieve a soft landing as it
worked to tame inflation, but that prospect could be harder in light of the
liquidity crunch facing the U.S. banking industry. 




ESSENTIAL INTELLIGENCE FOR A CHANGING WORLD.

SEEK & PROSPER



LATEST RESEARCH

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S&P GLOBAL RESEARCH COUNCIL

A changing world requires new insights, new analysis, and new approaches. The
impact of geopolitical events, supply chain issues, health crises, and a
changing climate is never confined to a single sector or market. Our clients
require expertise and analysis that looks at the big picture.

The S&P Global Research Council was created to bring together leading experts
from across our company to generate the type of research that our clients
increasingly need. From capital markets to energy markets, from commodity
markets to sustainability, we focus on the biggest challenges and opportunities
in the world today.

The S&P Global Research Council offers the broader view. In this era of
turbulence and change, the broader view is essential.

Sustainability S&P Global Sustainable1


SUSTAINABILITY QUARTERLY, FIRST-QUARTER 2023 EDITION:
THE ROAD TO CLIMATE RESILIENCE

The physical hazards of climate change are rising in severity and frequency, and
countries and companies around the globe are setting net-zero targets in a bid
to meet the goals of the Paris Agreement and limit the damage from climate
change. But some impact will be unavoidable, and it will not be evenly
distributed. 

Diversity, Equity & Inclusion S&P Global Sustainable1


WOMEN IN LEADERSHIP

Diversity in leadership has received increasing attention in recent years from
stakeholders in the sustainability world. Investors have pushed for diversity on
company boards and management teams, and in some parts of the world, that push
has extended to laws and regulations. But recent research from S&P Global finds
that the number of women in top roles remains low.





KEY TOPICS


GLOBAL ECONOMY


METALS & MINING


OIL & GAS


CHINA IN FOCUS


SUPPLY CHAINS


ENERGY TRANSITION


MARKET DYNAMICS


CREDIT MARKETS


ESG REGULATION & STANDARDS


AGRIBUSINESS


BANKING


AUTOMOTIVE


TECHNOLOGY & MEDIA


AMERICAS ECONOMY


INSURANCE

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DISCOVER ONE S&P GLOBAL

EXPLORE PREMIUM FUNDAMENTAL AND ALTERNATIVE DATASETS AVAILABLE SEAMLESSLY VIA
DESKTOP, CLOUD, DATA FEED, AND API SOLUTIONS, ALONG WITH EXPERT ANALYSIS YOU
WON'T FIND ANYWHERE ELSE, ON THE S&P GLOBAL MARKETPLACE.

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FEATURED INSIGHTS

Geopolitics S&P Global


ONE YEAR LATER: THE WAR IN UKRAINE


Markets in Motion S&P Global


THE MOUNTING COST OF CLIMATE FOR INSURERS


Sustainability S&P Global Sustainble1


GETTING READY FOR THE SEC CLIMATE DISCLOSURE RULE




RECEIVE IMMEDIATE INSIGHTS ON THE INDIVIDUAL MARKET DEVELOPMENTS YOU NEED TO
KNOW FOR A 360° PERSPECTIVE ON THE BIG STORIES SHAPING OUR WORLD.

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TRENDING

Capital Markets Private Debt: A Lesser-Known Corner Of Finance Finds The
Spotlight

The private debt market has grown tenfold in the past decade with assets under
management of funds primarily involved in direct lending surging to $412 billion
at end-2020—spurred in part by investors’ search for higher yield.



Markets in Motion War in Ukraine

Without a quick end to the conflict on the horizon, the effects of the Russian
invasion of Ukraine are being seen in equities, energy, global trade and
commodities markets.

Technology & Innovation Automotive

Start your engines and drive your decision-making to your destination with
observations and insights from our global automotive industry experts on the
market’s technology, production, product strategies, sales, and marketing.




INSIGHTS ON MOBILITY

Automotive S&P Global


THE EVOLUTION OF THE EV CONSUMER


Automotive S&P Global


THE CHALLENGE OF SOURCING EV BATTERY MINERALS IN AN ESG WORLD


Automotive S&P Global


HYDROGEN: IN IT FOR THE LONG HAUL

As shocks reverberate across economies and markets, finding a way through the
strains weighing on credit leaves little room for error.


AUTOMOTIVE INSIGHTS FROM S&P GLOBAL MOBILITY LEVERAGE TECHNOLOGY AND DATA
SCIENCE TO PROVIDE UNIQUE INSIGHTS, FORECASTS AND ADVISORY SERVICES SPANNING
EVERY MAJOR MARKET AND THE ENTIRE AUTOMOTIVE VALUE CHAIN—FROM PRODUCT PLANNING
TO MARKETING, SALES AND THE AFTERMARKET.

Learn more



THE ESSENTIAL PODCAST

SEE ALL EPISODES
Episode 81


CERAWEEK DAY 5

Episode 80


CERAWEEK DAY 4

Episode 79


CERAWEEK DAY 3

SEE ALL EPISODES



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and has been licensed for use by S&P Dow Jones Indices.

HAWKAMAH is a trademark of Hawkamah LLC and has been licensed for use by S&P Dow
Jones Indices.

HKEx is a trademark of HKEx Information Services Limited and has been licensed
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IFCI and IFCG are trademarks of International Finance Corporation and have been
licensed for use by S&P Dow Jones Indices.

ISDA is a trademark of the International Swaps & Derivatives Association, Inc.
and has been licensed for use by S&P Dow Jones Indices.

JPX is a trademark of Japan Exchange Group, Inc. and has been licensed for use
by S&P Dow Jones Indices.

KENSHO is a trademark of Kensho Technologies, LLC and has been licensed for use
by S&P Dow Jones Indices.

KRX and KOSPI are trademarks of The Korea Exchange and have been licensed for
use by S&P Dow Jones Indices.

LINKUP is a trademark of JobDig, Inc. and has been licensed for use by S&P Dow
Jones Indices.

LSTA is a trademark of Loan Syndications and Trading Association, Inc. and has
been licensed for use by S&P Dow Jones Indices.

MARKETAXXESS is a trademark of MarketAxxess Corporation and has been licensed
for use by S&P Dow Jones Indices.

MERVAL is a trademark of Bolsas y Mercados Argentinos S.A. and has been licensed
for use by S&P Dow Jones Indices.

In countries within the global territory other than Chile, MILA is a trademark
of Balsa de Valores de Colombia, S.A, Balsa de Valores de Lima and Bolsa de
Comercio de Santiago. In Chile, MILA is a trademark of Bolsa de Comercio de
Santiago and Deposito Central de Valores. This mark has been licensed for use by
S&P Dow Jones Indices.

NZX is a trademark of NZX Limited and have been licensed for use by S&P Dow
Jones Indices.

S&P Global, provides the data that powers the globally recognized Dow Jones
Sustainability Indices, S&P 500 ESG Index, and others in the S&P ESG Index
Series. Each year, S&P Global conducts the Corporate Sustainability Assessment,
an ESG analysis of over 7,300 companies. The CSA has produced one of the world’s
most comprehensive databases of financially material sustainability information,
and serves as the basis for the scores that govern S&P DJI ESG indices.

TAIFEX is a trademark of Taiwan Futures Exchange and has been licensed for use
by S&P Dow Jones Indices.

TOPIX is a trademark of Tokyo Stock Exchange and has been licensed for use by
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TSX is a trademark of TSX, Inc. and has been licensed for use by S&P Dow Jones
Indices.

TWITTER is a trademark of Twitter, Inc. and has been licensed for use by S&P Dow
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VALMER is a trademark of Valuacion Operativa y Referencias de Mercado S.A. de
C.V. and has been licensed for use by S&P Dow Jones Indices

VIX and Cboe are registered trademarks of Cboe Exchange, Inc. and have been
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Episode 81



Episode 80



Episode 79





English
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This profile enables epileptic and seizure prone users to browse safely by
eliminating the risk of seizures that result from flashing or blinking
animations and risky color combinations.
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This profile adjusts the website, so that it is accessible to the majority of
visual impairments such as Degrading Eyesight, Tunnel Vision, Cataract,
Glaucoma, and others.
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ADHD Friendly Profile More focus & fewer distractions
This profile significantly reduces distractions, to help people with ADHD and
Neurodevelopmental disorders browse, read, and focus on the essential elements
of the website more easily.
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Cognitive Disability Profile Assists with reading & focusing
This profile provides various assistive features to help users with cognitive
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keyboard Tab, Shift+Tab, and the Enter keys. Users can also use shortcuts such
as “M” (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics)
to jump to specific elements.

Note: This profile prompts automatically for keyboard users.
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Blind Users (Screen Reader) Optimize website for screen-readers
This profile adjusts the website to be compatible with screen-readers such as
JAWS, NVDA, VoiceOver, and TalkBack. A screen-reader is software that is
installed on the blind user’s computer and smartphone, and websites should
ensure compatibility with it.

Note: This profile prompts automatically to screen-readers.
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Accessibility StatementCompliance status

We firmly believe that the internet should be available and accessible to anyone
and are committed to providing a website that is accessible to the broadest
possible audience, regardless of ability.

To fulfill this, we aim to adhere as strictly as possible to the World Wide Web
Consortium’s (W3C) Web Content Accessibility Guidelines 2.1 (WCAG 2.1) at the AA
level. These guidelines explain how to make web content accessible to people
with a wide array of disabilities. Complying with those guidelines helps us
ensure that the website is accessible to blind people, people with motor
impairments, visual impairment, cognitive disabilities, and more.

This website utilizes various technologies that are meant to make it as
accessible as possible at all times. We utilize an accessibility interface that
allows persons with specific disabilities to adjust the website’s UI (user
interface) and design it to their personal needs.

Additionally, the website utilizes an AI-based application that runs in the
background and optimizes its accessibility level constantly. This application
remediates the website’s HTML, adapts its functionality and behavior for
screen-readers used by blind users, and for keyboard functions used by
individuals with motor impairments.

If you wish to contact the website’s owner please use the website's form

Screen-reader and keyboard navigation

Our website implements the ARIA attributes (Accessible Rich Internet
Applications) technique, alongside various behavioral changes, to ensure blind
users visiting with screen-readers can read, comprehend, and enjoy the website’s
functions. As soon as a user with a screen-reader enters your site, they
immediately receive a prompt to enter the Screen-Reader Profile so they can
browse and operate your site effectively. Here’s how our website covers some of
the most important screen-reader requirements:

 1. Screen-reader optimization: we run a process that learns the website’s
    components from top to bottom, to ensure ongoing compliance even when
    updating the website. In this process, we provide screen-readers with
    meaningful data using the ARIA set of attributes. For example, we provide
    accurate form labels; descriptions for actionable icons (social media icons,
    search icons, cart icons, etc.); validation guidance for form inputs;
    element roles such as buttons, menus, modal dialogues (popups), and others. 
    
    Additionally, the background process scans all of the website’s images. It
    provides an accurate and meaningful image-object-recognition-based
    description as an ALT (alternate text) tag for images that are not
    described. It will also extract texts embedded within the image using an OCR
    (optical character recognition) technology. To turn on screen-reader
    adjustments at any time, users need only to press the Alt+1 keyboard
    combination. Screen-reader users also get automatic announcements to turn
    the Screen-reader mode on as soon as they enter the website.
    
    These adjustments are compatible with popular screen readers such as JAWS,
    NVDA, VoiceOver, and TalkBack.
    
    
 2. Keyboard navigation optimization: The background process also adjusts the
    website’s HTML and adds various behaviors using JavaScript code to make the
    website operable by the keyboard. This includes the ability to navigate the
    website using the Tab and Shift+Tab keys, operate dropdowns with the arrow
    keys, close them with Esc, trigger buttons and links using the Enter key,
    navigate between radio and checkbox elements using the arrow keys, and fill
    them in with the Spacebar or Enter key.
    
    Additionally, keyboard users will find content-skip menus available at any
    time by clicking Alt+2, or as the first element of the site while navigating
    with the keyboard. The background process also handles triggered popups by
    moving the keyboard focus towards them as soon as they appear, not allowing
    the focus to drift outside.
    
    Users can also use shortcuts such as “M” (menus), “H” (headings), “F”
    (forms), “B” (buttons), and “G” (graphics) to jump to specific elements.

Disability profiles supported on our website
 * Epilepsy Safe Profile: this profile enables people with epilepsy to safely
   use the website by eliminating the risk of seizures resulting from flashing
   or blinking animations and risky color combinations.
 * Vision Impaired Profile: this profile adjusts the website so that it is
   accessible to the majority of visual impairments such as Degrading Eyesight,
   Tunnel Vision, Cataract, Glaucoma, and others.
 * Cognitive Disability Profile: this profile provides various assistive
   features to help users with cognitive disabilities such as Autism, Dyslexia,
   CVA, and others, to focus on the essential elements more easily.
 * ADHD Friendly Profile: this profile significantly reduces distractions and
   noise to help people with ADHD, and Neurodevelopmental disorders browse,
   read, and focus on the essential elements more easily.
 * Blind Users Profile (Screen-readers): this profile adjusts the website to be
   compatible with screen-readers such as JAWS, NVDA, VoiceOver, and TalkBack. A
   screen-reader is installed on the blind user’s computer, and this site is
   compatible with it.
 * Keyboard Navigation Profile (Motor-Impaired): this profile enables
   motor-impaired persons to operate the website using the keyboard Tab,
   Shift+Tab, and the Enter keys. Users can also use shortcuts such as “M”
   (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics) to
   jump to specific elements.

Additional UI, design, and readability adjustments
 1. Font adjustments – users can increase and decrease its size, change its
    family (type), adjust the spacing, alignment, line height, and more.
 2. Color adjustments – users can select various color contrast profiles such as
    light, dark, inverted, and monochrome. Additionally, users can swap color
    schemes of titles, texts, and backgrounds with over seven different coloring
    options.
 3. Animations – epileptic users can stop all running animations with the click
    of a button. Animations controlled by the interface include videos, GIFs,
    and CSS flashing transitions.
 4. Content highlighting – users can choose to emphasize essential elements such
    as links and titles. They can also choose to highlight focused or hovered
    elements only.
 5. Audio muting – users with hearing devices may experience headaches or other
    issues due to automatic audio playing. This option lets users mute the
    entire website instantly.
 6. Cognitive disorders – we utilize a search engine linked to Wikipedia and
    Wiktionary, allowing people with cognitive disorders to decipher meanings of
    phrases, initials, slang, and others.
 7. Additional functions – we allow users to change cursor color and size, use a
    printing mode, enable a virtual keyboard, and many other functions.

Assistive technology and browser compatibility

We aim to support as many browsers and assistive technologies as possible, so
our users can choose the best fitting tools for them, with as few limitations as
possible. Therefore, we have worked very hard to be able to support all major
systems that comprise over 95% of the user market share, including Google
Chrome, Mozilla Firefox, Apple Safari, Opera and Microsoft Edge, JAWS, and NVDA
(screen readers), both for Windows and MAC users.

Notes, comments, and feedback

Despite our very best efforts to allow anybody to adjust the website to their
needs, there may still be pages or sections that are not fully accessible, are
in the process of becoming accessible, or are lacking an adequate technological
solution to make them accessible. Still, we are continually improving our
accessibility, adding, updating, improving its options and features, and
developing and adopting new technologies. All this is meant to reach the optimal
level of accessibility following technological advancements. If you wish to
contact the website’s owner, please use the website's form

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