Covid-19 Daily Dashboard – 29 July 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 29 July 2020.
Equities: In Europe, the STOXX 600 is currently up +0.1%, as is the CAC 40 (+0.7%), while the DAX (-0.2%) and the FTSE 250 (-0.3%) are down. In the US, futures for the S&P 500 is up +0.1% and flat for the Dow Jones Industrial Average. In Asia, the Topix (-1.3%) and the S&P / ASX 200 (-0.2%) closed down, while the CSI 300 (+2.4%), Hang Seng (+0.4%) and the Kospi (+0.3%) were all higher on close.
VIX: The CBOE market volatility index and the Euro Stoxx 50 volatility price index are currently 27.2 and 24.1. Both indices remain above their long term averages, indicating further expectations of near-term volatility.
Bonds: The US 10-year treasury yield has softened +1bp to 0.59%, while both the UK 10-year gilt yield and the German 10-year bund yield are flat at 0.11% and -0.51%.
Currency: Sterling has appreciated back to $1.30, last seen at the start of March before COVID-19 began to significantly impact the UK. The euro remains at $1.17, the highest since September 2018. Hedging benefits for US dollar denominated investors into the UK and the eurozone is 0.36% and 1.13% per annum on a five-year basis.
Gold: The price of gold has appreciated +1% over yesterday to $1,959 per troy ounce, a new record high.
Baltic Dry: The Baltic Dry index decreased for the seventh consecutive session yesterday, down -2.2% to 1,264, a new one month low. The index has moderated by -35% since recent highs in early July, albeit, the index is still +16% above where it was at the beginning of the year.
Oil: Brent Crude and the West Texas Intermediate (WTI) are up +2.1% and +1.1% over the morning to $44.14 per barrel and $41.50 per barrel, respectively.
Loan Loss Provisions: Barclays added a further £1.6 billion to its loan loss provisions in Q2, above expectations of £1.4 billion. H1 loan loss provisions for the bank total £3.7 billion. Meanwhile, Deutsche Bank set aside €761 million to cover credit losses in Q2, lower than €818 million forecast, adding to the circa €500 million allocated in Q1. Earlier in July, JP Morgan Chase & Co, Wells Fargo & Co and Citigroup Inc. took a combined $28 billion in loan loss charges, according to Reuters.