Daily Economics Dashboard - 9 February 2021
An overview of key economic and financial metrics.
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Download an overview of key economic and financial metrics on 9 February 2021 2020.
Equities: In Europe, stocks are mixed this morning, with the DAX (-0.5%) and the STOXX 600 (-0.3%) both down, while the FTSE 250 is +0.3% higher and the CAC 40 is flat. In Asia, the CSI 300 (+2.2%), Hang Seng (+0.5%) and TOPIX (+0.1%) all closed higher, while the S&P / ASX 200 (-0.9%) and KOSPI (-0.2%) closed lower. Futures for the S&P 500 and Dow Jones Industrial Average (DJIA) are both currently -0.1%.
VIX: Following a +2% increase over Monday, the CBOE market volatility index is up a further +2.9% this morning to 21.9, remaining above its long term average (LTA) of 19.5. The Euro Stoxx 50 volatility index is also higher, up +1.5% to 20.7, albeit below its LTA of 23.9.
Bonds: The US 10-year treasury yield has compressed -3bps to 1.15%, while both the UK 10-year gilt yield and the German 10-year bund yield are down -1bp this morning to 0.47% and -0.45%.
Currency: Sterling and the euro have appreciated to $1.38 and $1.21, respectively. Hedging benefits for US dollar denominated investors into the UK and the eurozone are at 0.49% and 1.38% per annum on a five-year basis.
Baltic Dry: The Baltic Dry declined for the first time in three sessions on Monday, down -1.2% to 1317, its lowest level in over a month. The index remains -29% below the four-month high seen in mid January. Declines have been driven by capesize rates, which were down -4.8% yesterday to a near two-month low.
Oil: Brent Crude remains above $60 per barrel following a +0.4% increase over the morning to $60.77. The West Texas Intermediate (WTI) is also higher, up +0.2% to $58.11. Both Brent Crude and the WTI are at their highest prices since January 2020.
German Exports: German exports increased for their eighth consecutive month in December and were up +2.7% compared to the same month in 2019. However, the eight month rally did not offset the initial impact of the pandemic, with German exports down -9.3% over the whole of 2020. China overtook France as Germany’s second largest export market, behind the US in 2020. Exports from Germany to the UK declined -15.9% over the year.