Covid-19 Daily Dashboard – 13 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 13 July 2020.
Equities: In Europe, the STOXX 600 is up +0.6%, while the FTSE 250 and the DAX have added +1.1% and +0.9%, respectively. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are up +0.3 and +0.4%. In Asia, stocks closed higher with gains recorded by the Topix (+2.6%), CSI 300 (+2.1%) Kospi (+1.7%), S&P/ASX (+1.0%) and the Hang Seng (+0.2%).
VIX: The CBOE market volatility index and the Euro Stoxx 50 volatility price index are both back below 30 at 28.58 and 28.04. Both indices remain elevated, indicating 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 are currently 0.16%, 0.64% and -0.46%, 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 have increased to 0.34% and 1.10% per annum on a five-year basis.
European Economy: European retail sales have increased 18% m-m in May, higher than expectations of 15%, following two consecutive months of record declines. Industrial production increased across the largest economies in the Eurozone in May, however, it is still 20% lower than it was one year ago. This is similar with European exports, which also increased in May, but are still far below pre-coronavirus levels. Indeed, the value of goods exported in May in Germany and France were circa 35% – 40% below levels in May 2019.