Covid-19 Daily Dashboard – 17 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 17 June 2020.
Equities: European equity markets experienced modest gains over the morning, with the STOXX 600 up +0.6%. In the US, the S&P 500 closed +1.9% higher yesterday following the biggest monthly gain on record for retail sales figures in May. In Asia, stocks closed higher, with the Hang Seng adding +0.6%, while both the Kospi and the CSI 300 were up +0.1% higher.
VIX: After declining by -2.1% yesterday to 34.4, the “investor fear gauge”, the CBOE market volatility index is currently 33.3. The index remains 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 are currently 0.21%, 0.75% and -0.40%.
Baltic Dry: The Baltic Dry Index increased for its 12th consecutive session yesterday, up +8.3% to 1,054. The index is now close to paring back its losses from the beginning of January, where it was 1,090.
UK Inflation: The UK CPI was 0.5% in the 12-months to May 2020, down from 0.9% in April 2020, according to the ONS. This is the lowest inflation rate since June 2016 and inflation remains below the Bank of England’s 2.0% target since August 2019. Declining prices for fuel and recreational activities pushed inflation downwards in May, while rising prices for food and non-alcoholic beverages partially offset the drop. Due to the COVID-19 lockdown, the ONS stated that circa 14% of the basket used to calculate consumer prices were unavailable to consumers in the UK in May.
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