Covid-19 Daily Dashboard – 2 July 2020
An overview of key economic and financial metrics.
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Download an overview of key economic and financial metrics relating to Covid-19 on 2 July 2020.
Equities: In Europe, both the STOXX 600 and the FTSE 250 have added +1.1% this morning, while the DAX is +1.8% higher. In Asia, stocks closed higher, with the CSI 300 up +2.1% and the Hang Seng increasing +2.7% following a public holiday yesterday. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are up +0.7% and +0.9%.
Bonds: The UK 10-year gilt yield, US 10-year treasury yield and German 10-year bund yield are currently 0.20%, 0.68% and -0.41%.
Currency: Both sterling and the euro have appreciated slightly to $1.25 and $1.13, respectively. Hedging benefits for US dollar denominated investors into the UK and the eurozone are currently 0.29% and 1.08% per annum on a five-year basis.
Baltic Dry: The Baltic Dry has increased for 23 consecutive sessions, currently up +0.2% to 1,803. The index was last this high on 28th October and has recovered by 1,410 points since mid-May. This indicates improving demand for raw materials and subsequently manufacturing, as well as some adjustment to the supply side.
Oil: Oil futures have registered their highest quarterly growth in 30 years over Q2 2020, following prices falling to record lows in April. Brent Crude futures have increased by circa +80% over Q2 2020, while West Texas Intermediate (WTI) futures appreciated by +91%. However, both Brent Crude and the WTI remain down -34% since the start of the year. Brent Crude and the WTI are currently $42.30 and $40.12 per barrel, respectively.
Transport: From this weekend (hire scheme only) e-scooters will become legal on roads in Great Britain, although riders will still have a wait for these schemes to set up. In an effort to improve city transport options and continue unlocking the country in line with a green agenda, plans for e-scooter rental trials have been brought forward and are expected to begin imminently across UK cities. Riders will need a driving licence and insurance to ride.