Covid-19 Daily Dashboard – 02 June 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 02 June 2020.
Equities: Global equities continue to recover some of their year to date (YTD) losses. The S&P 500 YTD losses are now just -5%, led by significant weighting to tech and communication companies. Amazon, the third largest constituent is currently up +34% YTD and Microsoft, the largest index constituent is up +16%. The remaining top 5 constituents of Apple, Facebook and Alphabet A are up +10%, +13% and +7%, respectively.
VIX: The “investor fear gauge”, the CBOE market volatility index, remains below 30, currently at 27.8. The Euro Stoxx 50 volatility price index is also below 30. Both of these indices suggest further expectations of near-term volatility.
Bonds: The UK 10-year government bond has increased by +3bps to 0.23%. While both the US 10-year treasury yield and the German 10-year bund yield has compressed slightly to 0.66% and -0.41%, respectively.
Currency: Both sterling and the euro have appreciated slightly to $1.25 and $1.12, respectively. Hedging benefits for US dollar denominated investors into the UK closed out at 0.20% per annum on a five-year basis yesterday.
Baltic Dry: The Baltic Dry Index increased by +3.2% yesterday to 520 from 504 the day prior. However, there remains some way to pare back its losses to 757 recorded on 20th April or to 1,090 seen at the end of last year.
Oil: Oil prices have appreciated this morning, remaining firmly above $30 a barrel. The West Texas Intermediate (WTI) has increased 2.54% to at $36.34 a barrel and Brent Crude has increased 1.17% to $39.49 a barrel.
COVID-19 research: What we know, what we expect, what we question:
Released today, our third COVID-19 research paper briefly summarises our perspectives on 11 key areas, from capital markets to care homes, retail to residential, and this time with a special focus on real estate lending. View the research here.
This week’s Commercial Conversations weekly insights webinar
At 9:30am on Thursday 4 June Will Matthews will host Matthew Bowen, Global Head of Student Housing Research and Lisa Attenborough, Head of Debt Advisory for an update on the latest in their respective areas. Use the link below to register, and catch up ‘on-demand’ with previous webinars.
Register for Commercial Conversations.