Covid-19 Daily Dashboard – 21 July 2020
An overview of key economic and financial metrics.
2 minutes to read
Download an overview of key economic and financial metrics relating to Covid-19 on 21 July 2020.
Equities: In Europe, the STOXX 600 is up +1.1%, as is the DAX (+1.8%), CAC 40 (+1.3%) and the FTSE 250 (+0.9%). In the US, futures for the S&P 500 and the Dow Jones Industrial Average are both up +0.7%. In Asia, the S&P / ASX 200 added +2.6% on the back of gains in the IT, Healthcare and Gold sectors. The Hang Seng (+2.1%), Kospi (+1.4%), Topix (+0.4%) and the CSI 300 (+0.2%) were also higher on close.
VIX: The Euro Stoxx 50 volatility price index continues to decline this morning. After contracting -5.3% yesterday, the index has declined a further -8.3% to 22.2. This is the first time the index has dipped below the long term average (LTA) of 23.9 since the last week of February 2020. The CBOE market volatility index is also down -1.8% over the morning, currently at 27.0, however, this remains above the LTA of 20.
Bonds: The UK 10-year gilt yield, the US 10-year treasury yield and the German 10-year bund yield are all flat at 0.15%, 0.61% and -0.46%. Meanwhile, the Italian 10-year government bond yield has compressed further to its lowest level since March at 1.05% and the spread between German and Italian 10-year bonds declined to its lowest level in four months to 156bps as negotiations over the EU’s recovery fund concluded.
EU Recovery Package: EU leaders have agreed on a €750 billion recovery package, which includes €390 billion in grants to the hardest hit member states, smaller than the €500 billion in grants originally proposed in May. A further €360 billion in low-interest loans will be available to member states. Also agreed upon was the bloc’s next seven-year budget, which will be worth €1.074 trillion.
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