Daily Economics Dashboard - 30 March 2021
An overview of key economic and financial metrics.
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Download an overview of key economic and financial metrics on 30 March 2021.
Equities: Globally, stocks are mostly higher this morning. In Europe, gains have been recorded by the DAX (+0.7%), the CAC 40 (+0.6%), FTSE 250 (+0.5%) and the STOXX 600 (+0.4%). In Asia the KOSPI (+1.1%) was the best performing index, followed by the CSI 300 (+0.9%) and the Hang Seng (+0.8%), while the TOPIX (-0.8%) and the S&P / ASX 200 (-0.9%) closed lower. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are unchanged so far this morning.
VIX: The CBOE market volatility index remained stable at 20.7, just above its long term average of 19.9. The Euro Stoxx 50 volatility decreased by -0.9% to 18.2, below its LTA of 23.9.
Bonds: The UK 10-year gilt yield softened +4bps to 0.83%. The US 10-year treasury yield also softened +4bps to 1.76%, the highest level since January 2020. The German 10-year bund yield is up +5bps to -0.28%.
Currency: Sterling and the euro are currently $1.38 and $1.17, respectively. Currency hedging benefits for US dollar denominated investors into the UK and Eurozone have increased +8bps since yesterday to 0.69% and 1.79% on a five year basis.
Oil: Brent Crude and the West Texas Intermediate (WTI) are -0.4% and -0.6% lower this morning at $64.7 and $61.2, respectively.
Gold: The price of Gold is currently $1,697 per troy ounce, -0.9% down over the morning and -11% below where it was at the start of the year.
Baltic Dry: The Baltic Dry declined on Monday, down by -0.7% to 2,162. This level is -7% below the 22nd March peak of 2,319, but remains at a rate last seen in September 2019.
Eurozone: Eurozone economic sentiment improved sharply to 101.0 in March, according to the European Commission, the highest since the beginning of the pandemic (February 2020) and well above market expectations of 96.0.