Global Scans · Procter & Gamble · Weekly Summary

• Capitalization levels across GCC countries are forecasted to strengthen slightly, except in Saudi Arabia, where S&P expects the fastest growth. Economy Middle East
• S&P expects non-oil growth to remain dynamic in Saudi Arabia and the UAE. Economy Middle East
• Notwithstanding volatile supply-demand dynamics, S&P expects oil prices to remain broadly stable over the year, supporting continued fiscal expenditure. Zawya
• According to S&P Global Mobility, another company that provides automotive industry analysis, electric cars will make up 40% of car sales in the year 2030. ConsumerAffairs
• The federal and state incentives that the P 7-C will be eligible for will help accelerate fleet electrification in the US, helping to improve public health and meet ambitious climate goals. MiningFeeds
• The S&P 500 index closed Friday at a record high, fueled by surging tech stocks and bets that the Federal Reserve will cut interest rates in 2024. CNN
• Nvidia has beaten both its Big Tech rivals and the benchmark S&P 500 over the early days of the year - and thanks to the AI investing craze, analysts do not expect its strong recent run to end anytime soon. Yahoo Finance
• S&P Global anticipates high palm oil prices due to stagnant production in major producers like Indonesia and Malaysia, coupled with rising biodiesel demand, potentially straining supplies. Mongabay Environmental News
• As Islamic finance remains concentrated in oil exporting countries that aim to reduce their carbon footprints, S&P Global Rating expects the increase in sustainable sukuk issuance will continue. Times of Oman
• S&P Global's purchasing managers' index inched up to 47.9, just shy of the 48 predicted by economists and the closest to the 50 level that marks expansion since July. Independent.ie
• Although disruptions to shipping in the Red Sea caused eurozone supply chains to lengthen for the first time in a year, manufacturing input costs continued to fall on average, S&P Global reports. The Guardian
• The S&P 500 could surge by 10% to a record high of 5,200 points in 2024 - and plunging interest rates could spell trouble for stocks. Yahoo Finance
• The three largest fund managers currently cast approximately 23% of the votes at companies in the S&P 500, a percentage projected to rise to 40% by the mid-2030s if current trends continue. Crowdfund Insider
• Investors will take the rate cut as a bullish indicator, leading to stronger stock performance in the S&P 500. Seeking Alpha
• Growth Multiplier - a new investment option that adds a set multiple to a positive S&P 500 return - allows individuals who are willing to take on more investment risk by forgoing partial downside protection to take advantage of potentially larger investment gains. Yahoo Finance
• Higher financing needs in some core Islamic finance markets will drive demand, according to S&P, with global liquidity conditions potentially easing. Arabian Gulf Business Insight
• A significant factor that could make Palantir stock zoom in is its inclusion in the S&P 500. The Globe and Mail
• Utilities look to be attractive as XLU's top-10 holdings have significant double-digit EPS growth over the next two years, and trade for under 20 x earnings based on their projected 2023 EPS while getting cheaper on a forward basis with an average 2025 forward P/E of 15.14 x. Seeking Alpha
• The MiniMed 780 G system with Simplera Sync sensor will be available in Europe via limited release in spring 2024. Med-Tech Innovation
• The major three major credit agencies - Fitch Ratings, Moody's Investor Services and S&P Global Ratings - have forecast negative to stable conditions for the year. Yahoo Finance
• Earnings-per-share for the S&P 500 are expected to have been flat in 2023, but Wall Street consensus estimates suggest that they could grow by double digits each of the next two years. Legacy Financial Strategies
• Goldman Sachs is particularly optimistic, having recently raised its 2024 S&P 500 year-end outlook to 5,100 after the Santa Claus rally in late December, while its economists anticipate GDP will rise 2% in 2024. Insider

Last updated: 05 February 2024