Covid-19 Daily Dashboard – 27 May 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 27 May 2020.
Equities
Global equities have again risen over the morning as lockdown restrictions continue to ease. Increases were led by the FTSE 250, which added +1.1%, followed by the FTSE 100 (+1.0%), Frankfurt’s DAX (+0.6%) and Europe’s STOXX 600 (+0.3%). DJIA and S&P 500 futures are also up +0.8% and +0.7%, respectively. Following the announcement of the end of the state of emergency in Japan, the Nikkei 225 has joined the S&P 500 in having pared back year-to-date (YTD) losses to under 10%.
Bonds
The UK 10-year government bond yield and the German bund yield both increased slightly yesterday to 0.21% and -0.42%, respectively. The US 10-year treasury yield also saw a marginal uplift to 0.69%.
Currency
Sterling and the euro are at $1.23 and $1.10, respectively. Hedging benefits for US dollar denominated investors into the UK have moderated slightly to circa 0.27% per annum on a five-year basis. The currency hedging benefit of US dollar denominated investors into the Eurozone is 1.05% per annum on a five-year basis.
Baltic Dry
Yesterday saw the Baltic Dry Index rise back above 500, to 506, for the first time since the 5th May. However, there remains some way to go to recover the level of 757 seen on 20th April before an 18 session rout.
Oil
Oil prices have slipped slightly this morning, albeit remain above $30 a barrel. The West Texas Intermediate (WTI) declined by -1.7% to $33.77 a barrel, while Brent Crude was down -2.0% to $35.44 a barrel.
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