Covid-19 Daily Dashboard - 3 December 2020

An overview of key economic and financial metrics.
Written By:
Victoria Ormond, Knight Frank
2 minutes to read

Download an overview of key economic and financial metrics relating to Covid-19 on 3 December 2020.

COVID-19: The total number of cases recorded globally is approximately 64.6 million, with circa 1.5 million reported deaths according to Johns Hopkins University & Medicine.
Equities: In Europe, stocks are mostly lower, with losses recorded by the DAX (-0.5%), CAC 40 (-0.4%) and the STOXX 600 (-0.3%). Meanwhile, the FTSE 250 is flat over the morning. In Asia, the CSI 300 (-0.2%) was the only index to close lower, with the Hang Seng (+0.7%), Kospi (+0.6%), S&P / ASX 200 (+0.4%) and the Topix (+0.1%) all up on close. In the US, futures for the S&P 500 are down -0.1%.
VIX: Following a +1.9% increase over yesterday, the CBOE market volatility has declined -0.3% this morning to 21.1, which is above its long term average (LTA) of 19.9. Meanwhile, the Euro Stoxx 50 volatility index is higher, up +0.8% to 21.9, below its LTA of 24.0.
Bonds: The German 10-year bund yield has compressed -2bps to -0.54%, while the UK 10-year gilt yield is down -1bp to 0.34%. The US 10-year treasury yield has held steady at 0.94%.
Currency: Sterling and the euro are currently $1.34 and $1.21, respectively. Hedging benefits for US dollar denominated investors into the UK and the eurozone are 0.42% and 1.33% per annum on a five-year basis.
Baltic Dry: The Baltic Dry decreased for the third consecutive session on Wednesday, down -0.8% to 1211, a one week low. The decline has predominantly been driven by the capesize index, which has also fallen to a one-week trough. However, year to date gains in the index are currently at +10%.
Oil: Brent Crude and the West Texas Intermediate (WTI) have decreased -0.3% and -0.5% this morning to $48.12 and $45.07, respectively.
Gold: The price of gold remains above $1,800 per troy ounce after increasing a further +0.7% over yesterday to $1,828. The price of gold is now +20% above where it was at the start of the year, albeit -11% down compared to the record price achieved on 6th August of $2,063.