Covid-19 Daily Dashboard – 10 July 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 10 July 2020.
Lockdown: In England, from tomorrow, outdoor pools can reopen, as well as outdoor theatres and music venues, with limited audiences. From 13th July, beauticians, tattooists, spas, tanning salons and other close contact services can reopen, albeit with some services remaining restricted. Indoor gyms, swimming pools and sports facilities will also be able to reopen from 25th July, with restrictions such as reduced capacity.
Equities: In Europe, the STOXX 600 and the DAX are up +0.3% and +0.4%, respectively, while the FTSE 250 has declined -0.1%. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are both down -0.4%. In Asia, the CSI 300 and the Hang Seng were both -1.8% lower on close. The Topix (-1.4%), Kospi (-0.8%) and S&P/ASX (-0.6%) also closed lower.
VIX: The CBOE market volatility index and the Euro Stoxx 50 volatility price index have both increased back above 30 to 30.58 and 30.23. This indicates further expectations of near-term volatility.
Bonds: The UK 10-year gilt yield, US 10-year treasury yield and the German 10-year bund yield have all compressed by -2bps this morning to 0.14%, 0.59% and -0.48%, respectively.
Currency: Both sterling and the euro remain flat at $1.26 and $1.13. Hedging benefits for US dollar denominated investors into the UK and the eurozone are 0.31% and 1.07% per annum on a five-year basis.
Baltic Dry: The Baltic Dry index has declined for the third consecutive day following a 26 session rally, down -2.1% to 1,810. This has been largely driven by a contraction in the capesize index, which declined by -5.2% over the course of yesterday.
Oil: Brent Crude and the West Texas Intermediate (WTI) are both down over the morning by -2.4% and -2.7% to $41.34 per barrel and $38.55 per barrel, respectively.
US Unemployment: There were 1.31 million new unemployment applications in the week to 4th July, lower than the 1.41 million new applications the week prior and below expectations of 1.38 million. US labour force participation for June was 61.5%, +1.3% higher than the recent low of 60.2% in April.