Covid-19 Daily Dashboard - 24 November 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 24 November 2020.
Lockdown: Lockdown in England will end after midnight on 2nd December and will transition back into a three tiered structure of restrictions. Shops, gyms and personal care services will reopen, with the rule of six implemented in outdoor public spaces. Non-essential foreign travel will be allowed, albeit subject to quarantine rules, and weddings, outdoor sports and collective worship can resume.
Equities: Globally, stocks are higher. In Europe, gains have been recorded by the CAC 40 (+1.3%), DAX (+0.9%), STOXX 600 and the FTSE 250 (both +0.7%) this morning. In Asia, the S&P / ASX 200 (+1.3%), Kospi (+0.6%), and the Hang Seng (+0.4%) all closed higher. However, the CSI 300 (-0.6%) was the exception, closing down. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are up +0.3% and +0.4%, respectively.
VIX: Following a -4.4% decrease over yesterday, the CBOE market volatility index has decreased a further -1.9% this morning to 22.7, which remains above its long term average (LTA) of 19.9. The Euro Stoxx 50 volatility index has also decreased, down -5.1% to 21.4 below its LTA of 24.0.
Bonds: The UK 10-year gilt yield, US 10-year treasury yield and the German 10-year bund yield have all held steady at 0.32%, 0.86% and -0.58%, respectively.
Currency: Sterling and the euro are currently $1.34 and $1.19, respectively. Hedging benefits for US dollar denominated investors into the UK and the eurozone are currently 0.40% and 1.27% per annum on a five-year basis.
Baltic Dry: The Baltic Dry increased for its fifth consecutive session on Monday, up +1.8% to 1169, which is the highest daily increase in 23 sessions. However, year to date gains in the index are at just +7%, following cumulative declines of -44% over the past 35 sessions.
Oil: Brent Crude and the West Texas Intermediate (WTI) have increased +1.4% and +0.8% over the morning to $46.44 and $43.51, respectively. This is the highest Brent Crude has been since March and the highest price the WTI has achieved since August.