Covid-19 Daily Dashboard – 26 May 2020
An overview of key economic and financial metrics.
2 minutes to read
Download an overview of key economic and financial metrics relating to Covid-19 on 26 May 2020.
UK Transport
The Secretary of State for Transport announced additional funding for roads and the reversal of some of the Beeching rail cuts. Public transport under social distancing will be circa 1/5 of previous capacity. Grant Shapps announced initiatives for edge-of town parking with journeys being completed by walking, cycling or e-scooter (currently illegal on public land in the UK).
Lockdown
11 European countries have agreed a coordinated approach to re-opening Schengen, including Germany, Italy, Portugal and Spain. Spain will no longer require 2-week quarantine for arrivals from 1st July. Conversely, the UK will introduce 14-day quarantine for most arrivals from 8th June to be reviewed every three weeks.
Equities
Global equities are up this morning, based on the above continued easing. Japan’s Hang Seng index added 1.9% following the end of the country’s state of emergency. The FTSE 100 was up 1.8%.
Oil
The West Texas Intermediate (WTI) is up +2.50% this morning at $34.08 a barrel, while Brent Crude is up +1.8% to $36.16 a barrel.
Non Performing Loans (NPL)
The European Banking Authority has undertaken a sensitivity assessment, suggesting most European banks should be able to absolve losses arising from the pandemic, assuming bad loans increased by between €169 billion – €291 billion. For context, NPLs for the largest European banks halved over the last six years to €506 billion (3.2% of loan book).
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