Covid-19 Daily Dashboard - 1 December 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 1 December 2020.
Equities: Globally, stocks are higher. In Europe, gains have been recorded by the FTSE 250 (+1.1%), DAX (+1.0%), CAC 40 (+1.0%) and the STOXX 600 (+0.8%). In Asia, the Kospi added +1.7% on close, lifting the index’s year to date gains to +20%. The CSI 300 (+2.2%), S&P / ASX 200 (+1.1%), Hang Seng (+0.9%) and the Topix (+0.8%) all closed higher as well. In the US, futures for the S&P 500 are up +1.1%.
VIX: Following a -1.3% decline over yesterday, the CBOE market volatility index has decreased a further -2.1% this morning to 20.1, which is just above its long term average (LTA) of 19.9. The Euro Stoxx 50 volatility index is also lower, down -6.7% to 21.4, below its LTA of 24.0.
Bonds: The US 10-year treasury yield and the German 10-year bund yield have both softened +1bp to 0.85% and -0.56%, while the UK 10-year gilt yield has held steady at 0.31%.
Currency: Sterling has appreciated to $1.34 and the euro is currently $1.20. Hedging benefits for US dollar denominated investors into the UK and the eurozone are 0.38% and 1.26% per annum on a five-year basis.
Baltic Dry: The Baltic Dry decreased for the first time in ten sessions on Monday, down -0.2% to 1227. Year to date gains in the index are currently at +13%, following cumulative declines of -41% since 6th October. When compared to the peak of 1956 seen on 6th July, the index is down -37%.
Oil: Brent Crude and the West Texas Intermediate (WTI) have increased +1.4% and +0.7% over the morning to $48.26 and $45.66, respectively. This is the highest price both Brent Crude and the WTI have achieved since early March.
Gold: The price of gold remains below $1,800 following a -0.4% decline on Monday to $1,781 per troy ounce, the lowest it has been since early July. However, this price remains +16% above where it was at the start of the year.