Covid-19 Daily Dashboard - 21 September 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 21 September 2020.
Equities: Globally, stocks are lower this morning. In Europe, declines were led by the FTSE 250 (-3.1%), followed by the DAX (-2.5%), CAC 40 (-2.3%) and the STOXX 600 (-2.2%). According to Refinitiv, listed tech stocks in Europe are now worth more than banks stocks for the first time ever at a combined €842 billion, +2% higher than the cumulative worth of European bank stocks. In Asia, the Hang Seng closed -2.2% lower, while both the CSI 300 and the Kospi were down -1.0% on close. In the US, futures for the S&P 500 are -1.6%.
VIX: The CBOE market volatility index and the Euro Stoxx 50 vix have increased +10.5% and +18.2% over the morning to 28.5 and 26.8, respectively. Both indices remain elevated compared to their long term averages of 19.8 and 23.9.
Bonds: The UK 10-year gilt yield, US 10-year treasury yield and German 10-year bund yield have all compressed -3bps to 0.16%, 0.66% and -0.51%, respectively. The Italian 10-year bond yield has softened +1bp to 0.98%.
Currency: Both sterling and the euro have depreciated to $1.29 and $1.18, respectively. Hedging benefits for US dollar denominated investors into the UK are currently 0.40% per annum on a five-year basis, the highest it has been since March. Meanwhile hedging benefits for US dollar denominated investors into the eurozone are 1.14%.
Oil: Brent Crude and the West Texas Intermediate (WTI) are down -2.0% and -1.6% to $42.31 and $40.45, respectively.
Baltic Dry: The Baltic Dry increased +0.2% on Friday to 1,296. The index remains +19% higher than it was in January, while -34% down from the peak in July.
Gold: Gold was priced at $1,950 per troy ounce on Friday, which is -5% down from the record $2,063 reached in early August, but still +28% higher than it was at the start of the year.
Brexit: There is currently a 58% likelihood of a trade deal between the UK and the European Union being signed in 2020, according to Oddschecker.