Covid-19 Daily Dashboard – 05 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 05 June 2020.
Equities: European equities were up this morning following the announcement of a €600bn expansion of the ECB’s pandemic emergency purchase programme (PEPP). The STOXX 600 was up +1.4%, the IBEX 35 up +2.22%, DAX +2.1%, the CAC 40 +1.83% and the FTSE MIB +1.64%.
VIX: The “investor fear gauge”, the CBOE market volatility index, remains below 30, currently at 25.8. The Euro Stoxx 50 volatility price index is also below 30 at 27.07.
Bonds: UK 10-year bond yields increased by +1bp to 0.32% whilst US 10-year bond yields increased by +3bps to 0.85%. The German 10-year bund remained flat for a second session at -0.32%.
Currency: Sterling and the euro appreciated slightly, at $1.26 and $1.13 respectively. Hedging benefits for US dollar denominated investors into the UK have increased to 0.31% per annum on a five-year basis.
Baltic Dry: The Baltic Dry Index increased for its fifth consecutive session yesterday, up +6.8% to 632, continuing to pare back its losses to 757 recorded on 20th April or to 1,090 seen at the end of last year.
Oil: The West Texas Intermediate (WTI) has increased +2.3% to $38.29, whilst Brent Crude broke above $40 a barrel, increasing +2.7% over the course of this morning to $41.05.
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.