Covid-19 Daily Dashboard – 22 June 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 22 June 2020.
Coronavirus cases: A record 183,000 new cases have been reported by the World Health Organisation
(WHO), taking the total number of cases to 8.8 million. In Germany, over 1,300 new cases have been reported
at an abattoir in Rheda-Wiedenbrück, while in Wales, 158 cases have been confirmed at a chicken processing
plant.
Equities: This morning, futures for the S&P 500 and the Dow Jones Industrial Average are down -2.5% and
-2.9%. In Europe, the STOXX 600 and the DAX are both -0.3% lower this morning. In Asia, stocks closed
lower, with the Hang Seng declining -0.8% and the Kospi down -0.4%.
VIX: The CBOE market volatility index is currently 34.1, while the Euro Stoxx 50 volatility price index is at
33.51. Both 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 are currently
0.21%, 0.69% and -0.43%.
Currency: Sterling and the euro remain at $1.24 and $1.12. Hedging benefits for US dollar denominated
investors into the UK and the eurozone have increased to 0.30% and 1.11% per annum on a five-year basis.
Baltic Dry: The Baltic Dry increased for its 15th consecutive session on Friday, up +1.8% to 1,555. This is 465
points above where it was at the start of the year, driven by an increased demand for iron ore. This indicates
improving demand for raw materials and subsequently manufacturing, as COVID-19 containment measures
continue to ease.
Oil: Brent Crude remains above $40 per barrel at $42.24, while the West Texas Intermediate (WTI) is currently
just below $40 at $39.97 per barrel.
US Election: Predictit, the online political futures market currently indicates a 43% likelihood of President
Trump being re-elected in November. The current probability of Joe Biden winning the election is 58%.