Covid-19 Daily Dashboard – 04 June 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 04 June 2020.
Equities: Global equities continue to recover some of their year to date (YTD) losses. The S&P 500 now leads with the strongest recovery of YTD losses (-3% YTD), driven by gains across the major index constituents. YTD losses are also now below 10% for the Nikkei 225 (-4%), SSE (-4%), DAX 30 (-6%) and the Dow Jones (-8%).
VIX: The “investor fear gauge”, the CBOE market volatility index, remains below 30, currently at 27.2. The Euro Stoxx 50 volatility price index is also below 30 at 28.6. Both of these indices remain elevated.
Bonds: Bond markets remain relatively stable this morning with both the German 10-year bund yield and US 10-year treasury yield flat at -0.36% and 0.75% respectively. The UK 10-year government bond yield decreased -2bps to 0.26%.
Currency: Sterling has depreciated slightly, currently at $1.25, while the euro remains stable at $1.12. Hedging benefits for US dollar denominated investors into the UK have increased to 0.27% per annum on a five-year basis.
Baltic Dry: The Baltic Dry Index increased for its fourth consecutive session yesterday, up +8.4% to 592. However, there remains some way to pare back its losses to 757 recorded on 20th April or to 1,090 seen at the end of last year.
US Unemployment: Unemployment applications increased by 1.9 million in the week to May 30th, just above expectations of 1.8 million, but the first time that additional weekly unemployment claims fell below 2 million since the pandemic started. The total number of US jobless claims has increased by 42.6 million since 21st March 2020.
COVID-19 research: What we know, what we expect, what we question:
Released today, our third COVID-19 research paper briefly summarises our perspectives on 11 key areas, from capital markets to care homes, retail to residential, and this time with a special focus on real estate lending.
View the research here.