Covid-19 Daily Dashboard – 9 June 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 09 June 2020.
Equities: Yesterday, the S&P 500 recovered all YTD losses, led by significant weighting to tech and communication companies. Amazon, the third largest constituent is currently up +37% YTD and Microsoft, the largest index constituent is up +19%. However, some of the global gains seen yesterday have pared back over the course of the morning, with the STOXX 600 down -0.2%, DAX -0.6% and the FTSE 100 down -0.5%.
VIX: The “investor fear gauge”, the CBOE market volatility index, has increased to 26.3, albeit remains below 30. Similarly, the Euro Stoxx 50 volatility price index is currently 29.1. Both of these indices remain elevated, indicating further expectations of near-term volatility.
Bonds: The UK 10-year gilt yield, US 10-year treasury yield and German 10-year bund yield have all seen reductions over the morning to 0.32%, 0.83% and -0.32% respectively.
Currency: Sterling and the euro are currently $1.27 and $1.13. Hedging benefits for US dollar denominated investors into the UK have decreased to 0.32% per annum on a five-year basis.
Baltic Dry: The Baltic Dry Index increased for its sixth consecutive session yesterday, up +2.8% to 698. This indicates improving demand for raw materials and subsequently manufacturing, as COVID-19 containment measures continue to ease.
UK Employment: 8.9 million workers, more than one quarter of the workforce, are now part of the UK furlough scheme, with a further 2.5 million claims made by self-employed workers, according to the Treasury. Collectively, these schemes reflect £27.1 billion of support.
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