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Associated Press
2 days ago
- Business
- Associated Press
APi Group Set to Join S&P MidCap 400
NEW YORK, June 18, 2025 /PRNewswire/ -- APi Group Corp. (NYSE: APG) will replace United States Steel Corp. (NYSE: X) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, June 24. Nippon Steel Corp. (TSE: 5401) acquired United States Steel in a deal that closed today. Following is a summary of the changes that will take place prior to the open of trading on the effective date: For more information about S&P Dow Jones Indices, please visit ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit FOR MORE INFORMATION: S&P Dow Jones Indices [email protected] Media Inquiries [email protected] View original content: SOURCE S&P Dow Jones Indices
Yahoo
2 days ago
- Business
- Yahoo
Play Short-Term Market Volatility With These ETFs
The Trump administration's chaotic tariff policies and escalating geopolitical tensions in the Middle East are making investors anxious, pushing them toward safe-haven assets. The S&P 500 has faced increased volatility in 2025, with the broad market index falling 2.7% and then rebounding 4.1% over the past month. The index fell about 1.1% on June 13, driven by intensifying protests and mounting Iran-Israel tensions. According to SP Global, U.S. investors remained risk-averse for the fifth consecutive month, even as equity market concerns have been easing. Per an investor sentiment survey, according to the S&P Global Investment Manager Index, the risk appetite of investors has been gradually increasing since April. Yet, June's reading has remained negative, highlighting continued caution. Even with easing in risk aversion, according to SP Global, investors continue to forecast net market losses in the month ahead. The survey's Equity Returns Index fell to -32% in June from -29% in May, reflecting a modest decline in investor confidence and a slightly more pessimistic outlook compared to the previous month. According to Kathryn Rooney Vera, chief market strategist at StoneX Group, as quoted on Reuters, with the market being highly sensitive to headlines and short-term events, short-term market swings have intensified. Struggling with escalating tensions in the Middle East after renewed military strikes between Israel and Iran, concerns over potential supply disruptions are a headwind. According to Rooney Vera, a possible closure of the Strait of Hormuz could restrict global oil supply chains, driving up prices and accelerating inflationary pressures. Planned protests across major U.S. cities are drawing investor attention. According to Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, as quoted on Reuters, the ongoing protests could dampen investor confidence, from a psychological perspective. Any blow to investor sentiment or risk appetite could further weigh on the S&P 500, adding to the headwinds it already faces in the near term. In periods of rising uncertainty, increasing exposure to volatility ETFs in the short term can be a winning move for investors. These funds have delivered short-term gains during periods of market chaos and could climb further if volatility endures. In the current economic environment, volatility-focused funds and strategies are ideal to reassess volatility exposure and for investors with a short-term horizon. With volatility rising due to trade tensions, policy uncertainty, geopolitical conflict and technical market breakdowns, increasing exposure to the below-mentioned funds can be a good strategic move (See: all Volatility ETFs here). iPath Series B S&P 500 VIX Short-Term Futures ETN seeks to track the performance of the S&P 500 VIX Short-Term Futures Index Total Return and has amassed an asset base of $375.1 million. The index offers exposure to a daily rolling long position in the first and second month VIX futures contracts. VXX charges an annual fee of 0.89% and has a one-month average trading volume of about 4.39 million shares. iPath Series B S&P 500 VIX Short-Term Futures ETN has gained 17.87% over the past three months and 16.56% over the past year. ProShares VIX Short-Term Futures ETF seeks to track the performance of the S&P 500 VIX Short-Term Futures Index and has amassed an asset base of $179.5 million. The index measures the movements of a combination of VIX futures and is designed to track changes in the expectation for one month in the future. The fund is ideal for investors looking to gain from an increase in expected volatility of the S&P 500. VIXY has a one-month average trading volume of about 1.1 million shares. ProShares VIX Short-Term Futures ETF has gained 17.48% over the past three months and 14.66% over the past year. The fund charges an annual fee of 0.85%. ProShares VIX Mid-Term Futures ETF seeks to track the performance of the S&P 500 VIX Mid-Term Futures Index and has amassed an asset base of $21.4 million. The index measures the movements of a combination of VIX futures and is designed to track changes in the expectation for VIX five months in the future. The fund is ideal for investors looking to gain from an increase in expected volatility of the S&P 500. VIXM has a one-month average trading volume of about 98,000 shares. ProShares VIX Mid-Term Futures ETF has gained 12.64% over the past three months and 22.03% over the past year. The fund charges an annual fee of 0.85%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX): ETF Research Reports ProShares VIX Short-Term Futures ETF (VIXY): ETF Research Reports ProShares VIX Mid-Term Futures ETF (VIXM): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Arab News
3 days ago
- Business
- Arab News
UAE rated ‘AA' thanks to robust growth: S&P Global
RIYADH: S&P Global has assigned the UAE a long-term credit rating of 'AA' with a stable outlook as it expects strong fiscal and external positions to be maintained over the next two years. In its latest report, the global credit rating agency said that the grade also reflects the Emirates' net asset position, which could provide a buffer to counteract the effects of oil price swings and geopolitical tensions in the Gulf region. According to the agency, 'AA' indicates a country's strong capacity to meet its financial commitments. The strong rating of the UAE aligns with the broader trend observed in the Middle East region, and in March, S&P Global raised Saudi Arabia's rating to 'A+' from 'A' with a stable outlook underpinned by the Kingdom's ongoing social and economic transformation. In its latest report, the US-based agency said: 'The stable outlook reflects our expectation that the UAE's consolidated fiscal and external positions will remain strong over the next two years, amid continued prudent policymaking and resilient economic growth.' Non-oil sector to drive growth S&P Global added that the UAE's economic growth is expected to remain resilient at 4 percent over 2025-2028, driven by strong non-oil sector performance and a rise in activities. 'Despite lower oil prices and headwinds from a global economic slowdown, we expect that continued fiscal surpluses at the consolidated federal government and individual emirates level, along with investment income on liquid assets, will support an increase in the net asset position to an estimated 177 percent of GDP (gross domestic product) through 2028,' the report said. S&P Global further said that the UAE government's fiscal surpluses are expected to average around 3.2 percent of GDP through 2028, based on assumptions that Brent oil prices will stay around $60 per barrel in 2025 and $65 per barrel through 2028. Government debt will remain stable at about 28 percent of GDP over the next four years as the federal government and emirates, including Abu Dhabi, plan to issue local currency debt to develop domestic capital markets. According to the report, the country will have limited monetary flexibility given that the dirham is pegged to the US dollar. 'This means the UAE's monetary policy is closely aligned with that of the US Federal Reserve, regardless of domestic economic conditions. We also consider that the domestic local currency bond market remains underdeveloped compared with similarly rated peers,' added S&P Global. The report comes just days after an economic update prepared by the Institute of Chartered Accountants in England and Wales, in association with Oxford Economics, said that the economy of the UAE is projected to expand by 5.1 percent in 2025, driven by a recovery in oil output and a 4.7 percent rise in non-oil GDP, with tourism expected to emerge as a key element propelling this growth. Earlier this month, the Central Bank of the UAE revealed that the Emirates' GDP reached 1.77 billion dirhams ($481.4 million) in 2024, recording 4 percent growth, with non-oil sectors contributing 75.5 percent of the total. CBUAE added that the Emirates is expected to witness economic growth of 4.5 percent in 2025 before accelerating further to 5.5 percent in 2026. The latest S&P Global analysis further said that the UAE's oil production is projected to rise to about 3.5 million barrels per day by 2028, up from slightly less than 3 million in 2024, while the Ghasha gas and Ruwais liquefied natural gas are expected to significantly enhance Abu Dhabi's production capacity. The non-oil growth in the Emirates will be underpinned by public investment and government efforts to diversify the economy, combined with increasing trade and foreign investment. 'Projects such as the Saadiyat cultural district and Disney Park in Abu Dhabi, and the Wynn integrated resort in Ras Al Khaimah seek to boost tourism revenue,' added the analysis. Affirming the growth of tourism in the country, a report released in April showed that Dubai recorded a 3 percent annual increase in international visitor numbers to 5.31 million in the first quarter of this year. According to the data released by the Dubai Department of Tourism and Commerce Marketing, the city also attracted 18.7 million international tourists in 2024, representing a 9 percent rise compared to the previous year. S&P Global added that the UAE would be modestly affected by the proposed 50 percent US tariff on steel and aluminum if no agreement is reached, as these metals accounted for 4.3 percent of the Emirates' non-oil outbound shipments in 2023. In 2023, the UAE exported approximately $1.4 billion worth of steel and aluminum products to the US, representing about 0.3 percent of its GDP. The study further noted that the UAE has also introduced structural measures to enhance the business environment, which include a foreign direct investment law that permits foreign investors to fully own businesses in various sectors, as well as rules to liberalize personal and family law. Another initiative is the Golden Visa Program, aimed at supporting talent retention by granting long-term residency to investors, entrepreneurs, and skilled professionals. 'We anticipate that these measures will increase labor market flexibility, investment, and foreign worker inflows. This will be balanced by the nationalization of the workforce, or 'Emiratization' policies,' added S&P Global. Future outlook The analysis further stated that the UAE's credit rating could be upgraded in the future if Emirates implements significant measures to improve the effectiveness of monetary policy, such as establishing a deep domestic capital market. However, the rating could be downgraded if the UAE's per capita wealth, currently at $47,000, starts declining due to lower economic growth or higher population inflows. 'Downside pressure could also arise if the consolidated government interest burden were to increase materially because of higher borrowing, alongside elevated external financing needs,' added the report.
Al Arabiya
3 days ago
- Business
- Al Arabiya
Israel-Iran developments in next 3-5 days critical for global energy markets, Yergin says
Developments in the Iran-Israel conflict in the next three to five days will be critical to global energy markets even though oil and gas supplies from the Gulf have not yet been disrupted, oil historian Daniel Yergin said on Wednesday. Iran and Israel launched new missile strikes at each other on Wednesday as the air war between the two longtime enemies entered a sixth day despite a call for Tehran's 'unconditional surrender' from US President Donald Trump after he left a Group of Seven summit early over the crisis. 'We now appear to be at the climax of a 46-year battle,' said Yergin, the Pulitzer Prize-winning author of 'The Prize' and vice chairman of S&P Global, in an interview on the sidelines of the Energy Asia conference, referring to the Iran hostage crisis, which started in 1979. 'The Trump administration is doing some very clear signaling. The president leaving the G7 meeting early is a very big message. This is an unprecedented situation,' he said. Oil prices surged on Friday after Israel attacked Iran and have remained volatile although there has been no disruption to energy supplies from the Gulf. Yergin noted US President Donald Trump's recent comments signaling possible talks. 'At this point, the question is - who would negotiate on the Iran side? It looks like the channels of communication and decision making in Iran themselves would have been disrupted,' Yergin said. 'The bunker buster bombs weigh heavily on the negotiating table.' Iran has threatened to block the Strait of Hormuz, a critical waterway between the Gulf and the Gulf of Oman for about a fifth of the world's total oil consumption. 'If the Hormuz was blocked, it would, of course, immediately register in oil prices,' Yergin said. 'But I think it should not be underestimated that the US Navy has had about 40 years to prepare for what to do so it's not like it would remain blocked, and there would be a high price for those who blocked it.'
Zawya
3 days ago
- Business
- Zawya
Israel-Iran developments in next 3-5 days critical for global energy markets, Yergin says
KUALA LUMPUR: Developments in the Iran-Israel conflict in the next three to five days will be critical to global energy markets even though oil and gas supplies from the Gulf have not yet been disrupted, oil historian Daniel Yergin said on Wednesday. Iran and Israel launched new missile strikes at each other on Wednesday as the air war between the two longtime enemies entered a sixth day despite a call for Tehran's "unconditional surrender" from U.S. President Donald Trump after he left a Group of Seven summit early over the crisis. "We now appear to be at the climax of a 46-year battle," said Yergin, the Pulitzer Prize-winning author of "The Prize" and vice chairman of S&P Global, in an interview on the sidelines of the Energy Asia conference, referring to the Iran hostage crisis, which started in 1979. "The Trump administration is doing some very clear signalling. The president leaving the G7 meeting early is a very big message. This is an unprecedented situation," he said. Oil prices surged on Friday after Israel attacked Iran and have remained volatile although there has been no disruption to energy supplies from the Gulf. Yergin noted U.S. President Donald Trump's recent comments signalling possible talks. "At this point, the question is - who would negotiate on the Iran side? It looks like the channels of communication and decision making in Iran themselves would have been disrupted," Yergin said. "The bunker buster bombs weigh heavily on the negotiating table." Iran has threatened to block the Strait of Hormuz, a critical waterway between the Gulf and the Gulf of Oman for about a fifth of the world's total oil consumption. "If the Hormuz was blocked, it would, of course, immediately register in oil prices," Yergin said. "But I think it should not be underestimated that the U.S. Navy has had about 40 years to prepare for what to do so it's not like it would remain blocked, and there would be a high price for those who blocked it." (Reporting by Florence Tan; Editing by Kate Mayberry)
