Covid-19 Daily Dashboard – 25 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 25 June 2020.
COVID-19: Following an additional 135k new recorded cases, the total number of global cases has increased to 9.2 million, according to the World Health Organisation. This comes as the US recorded its highest daily increase in coronavirus cases, leading some states to pause their easing of lockdown measures and New York, New Jersey and Connecticut to impose a 14-day quarantine on people travelling from eight US states.
Equities: In Europe, the STOXX 600 is currently up +0.2%. In Asia, stocks were down on close, with the S&P / ASX 200 -2.5% lower, while the Kospi (-2.3%) and the Topix (-1.2%) also recorded losses. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are down -0.6% and -0.7%.
VIX: The CBOE market volatility index and the Euro Stoxx 50 volatility price index are currently at 34.0 and 36.6, respectively. Both indices remain above their long term averages, indicating further expectations of near-term volatility.
Bonds: Bonds have compressed this morning. The UK 10-year gilt yield has reduced by -4bps to 0.15%, while the German 10-year bund yield is down -3bps to -0.47%. The US 10-year treasury yield is currently 0.67% (-1bp).
Gold: The price of gold is now up +16.5% YTD at $1,767 per troy ounce, the most expensive it has been since October 2012.
Currency: Both sterling and the euro have depreciated this morning, at $1.24 and $1.12. Hedging benefits for US dollar denominated investors into the UK and the eurozone are currently 0.34% and 1.13% per annum on a five-year basis.
Baltic Dry: The Baltic Dry increased for its 18th consecutive session yesterday, up +5.4% to 1,705. The index is now 615 points or +56% above where it was at the beginning of the year, indicating improving demand for raw materials and subsequently manufacturing.