ECONOMICS Daily Economics Dashboard - 21 April 2021 An overview of key economic and financial metrics. Written By: William Matthews, Knight Frank 21 Apr 2021 2 minutes to read Categories: Property Sector Offices service Consultancy Topic Covid-19 Economics Forecast World Regions UK London Download an overview of key economic and financial metrics on 21 April 2021. Equities: In Europe, stocks are higher, with gains recorded by the CAC 40, STOXX 600 (both +0.4%) and the DAX (+0.2%). However, the FTSE 250 is flat over the morning. In Asia, the TOPIX (-2.0%), Hang Seng (-1.6%), KOSPI (-1.5%) and S&P / ASX 200 (-0.3%) were all down on close. The CSI 300 (+0.3%) was the exception, closing higher. In the US, futures for the S&P 500 and Dow Jones Industrial Average (DJIA) are both -0.1%. VIX: Following an +8% increase over Tuesday, the CBOE market volatility index has since decreased this morning, down -1.2% to 18.4, below its long term average of 19.9. The Euro Stoxx 50 volatility index is also lower, down -5.4% to 19.9, remaining below its long term average of 23.9. Bonds: The UK 10-year gilt yield softened +2bps to 0.75%, while the US 10-year treasury yield is up +1bp to 1.58% and the German 10-year bund yield is flat at -0.25%. Currency: Both sterling and the euro have depreciated to $1.39 and $1.20, their highest levels since early March. Currency hedging benefits for US dollar denominated investors into the UK and Eurozone are at 0.56% and 1.61% on a five year basis. This is down from their respective peaks of 0.60% and 1.78% on 13th April. Oil: Brent Crude and the West Texas Intermediate (WTI) have decreased -1.3% and -1.0% to $65.73 and $6182, respectively. Baltic Dry: The Baltic Dry increased for the fifth consecutive session on Tuesday, up +1.6% to 2472, a new 19 month peak. Prices were pushed higher yesterday by panamax rates which increased +4.8% to their highest level since the end of March. The index is now +81% above where it was at the beginning of the year and is +7% higher than the previous peak in March of 2319. Gold: The price of gold closed at $1,777 per troy ounce yesterday, its highest level in two months. UK Inflation: UK inflation was 0.7% in the 12-months to March, up from +0.4% in February, albeit below expectations of 0.8%. The largest upward contributions to inflation was increased prices for motor fuel and clothing. Previous article Midweek property news update - 21 April Next article Daily Economics Dashboard - 22 April 2021 The London Report - 2021 Check out the London Report about occupier requirements, buildings, locations and more. Download now × Download - First Name: * Last Name: * Email Address: * By ticking the box, I give my express permission for Knight Frank to contact me with regards to future research reports and event invitations. Find out how we use your personal information. Download Cancel Your download has started Download it manually Tags: Covid-19 Research Forecasts Economics Further reading Daily Economics Dashboard - 20 April 2021 An overview of key economic and financial metrics. 20 Apr 2021 Daily Economics Dashboard - 19 April 2021 An overview of key economic and financial metrics. 19 Apr 2021 Daily Economics Dashboard - 16 April 2021 An overview of key economic and financial metrics. 16 Apr 2021 Daily Economics Dashboard - 15 April 2021 An overview of key economic and financial metrics. 15 Apr 2021