Covid-19 Daily Dashboard - 12 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 12 November 2020.
Equities: Globally, stocks are mostly lower. In Europe, losses have been recorded by the CAC 40 (-0.7%), DAX (-0.5%), STOXX 600 (-0.3%) over the morning. However, the FTSE 250 is the exception, up +0.1%. In Asia, the S&P / ASX 200 (-0.5%), Kospi (-0.4%),Topix and the Hang Seng (both -0.2%) all closed lower, while the CSI 300 (+0.1%) was the only index to close higher. In the US, futures for the S&P 500 are down -0.2%.
VIX: Following a -5.4% decline over yesterday, the CBOE market volatility index has increased +2.0% this morning, to 23.9, remaining above its long term average (LTA) of 19.9. The Euro Stoxx 50 volatility index has also increased, up +1.4% to 23.5, just below its LTA of 24.0.
Bonds: The US 10-year treasury yield has compressed -3bps to 0.94%, and the UK 10-year gilt yield has decreased -1bp to 0.40%. Meanwhile, the German 10-year bund yield has softened +1bp to -0.51%.
Currency: Sterling has depreciated to $1.32, while the euro is currently $1.18. Hedging benefits for US dollar denominated investors into the UK and the eurozone are at 0.34% and 1.26% per annum on a five-year basis.
Baltic Dry: The Baltic Dry decreased -4.9% yesterday to 1,141, which is the largest daily decrease in nine sessions and remains the lowest the index has been since mid June. Over the past 27 sessions, the index has seen cumulative declines of -46%. However the Baltic Dry remains +5% higher than it was in January.
Oil: Brent Crude and the West Texas Intermediate (WTI) have decreased -0.2% and -0.1% over the morning, to $43.73 and $41.39, respectively.
Gold: The price of gold was $1,863 per troy ounce on Wednesday, which is circa +22% above where it was at the start of the year, albeit -10% lower than its record high of $2,063 in August.
UK Economy: UK GDP grew +15.5% over the quarter to Q3 2020, its highest level of growth since records began in 1955, albeit below market expectations of +15.8%. UK GDP is now -9.7% below where it was at the end of 2019, prior to COVID-19, which compares to -3.5% lower in the US and -4.3% lower in the Eurozone.