Daily Update — June 17, 2025
Carbon Differentiation; Tariff Confusion; and Tactical Signals for Indices
Today is Tuesday, June 17, 2025, and here’s your curated selection of Essential Intelligence on global markets from S&P Global. Subscribe to be notified of each new Daily Update.
Energy Transition & Sustainability
Listen: Pricing power: Developing a roadmap for carbon differentiated markets
Carbon differentiation allows market participants to assign value to greenhouse gas emissions associated with an economy's goods and services. Carbon markets experts Kevin Birn and Jonty Rushforth join “EnergyCents” podcast hosts Hill Vaden and Sam Humphreys to discuss the evolution of differentiated carbon markets and how consistency in measurement and reporting can align participants' economic incentives with environmental ambitions.
Power your decarbonization strategies now and in the future with industry-leading carbon and environmental price assessments, energy transition insights and data analytics from S&P Global Commodity Insights.
Global Trade
Scheduling linked to 10% tariffs causing confusion, angst for US importers
US importers, particularly those with long ocean transit times and those using transshipment hubs, face challenges due to the 10% tariffs on non-Chinese goods. Even if these importers loaded their cargo before the April 5 deadline intended to exempt them from tariffs, they are still liable for the fees.
This situation is due to a shorter-than-usual time frame from the Trump administration, which has created confusion and frustration among importers. Many believed that they had sidestepped the tariffs by adhering to the loading schedule, only to confront unforeseen costs upon arrival at their destination ports.
Market Dynamics
Tactical Exposure to US Asset Classes
How are multi-asset indices combining diversification and tactical signals to meet the challenges of today’s unpredictable markets? Meet the S&P US Tactical Multi-Asset 4.5% TCA 0.65% Decrement Index. This rules-based solution uses signals to dynamically adjust long and short exposures to its US equity and fixed-income components, all while targeting a 4.5% volatility level.
In case you missed it
- Oil prices face significant upside risk from potential disruptions to Iranian supply in the wake of Israel's latest strikes, but market fundamentals remain bearish. Most analysts see the price spike as short-lived unless energy infrastructure is targeted.
- Strains on financing conditions, economic output and corporate planning due to increased tariff uncertainty could raise the Asia-Pacific default rate to 2% through March 2026.
- Nearly three-quarters of surveyed internet adults in the US watch sports, and the majority watch at least one of the four top US professional leagues: NFL football, MLB baseball, NBA basketball and NHL hockey.
Upcoming events
- Sustainability Nexus: Scaling Clean Energy Investments | June 18 (Webinar)
- The New Tariff Reality: Preparing for Disruption, Defending Your Margins | June 18 (Webinar)
- Building Climate Resilience: A Bottom-Up Approach to Physical Risk Assessment at the Asset | June 19 (In-person: Paris)