Covid-19 Daily Dashboard – 15 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 15 June 2020.
Lockdown: In England, non-essential retail reopens from today, while in France, Paris joins other regions in finally being able to open restaurants, hotels and cafes.
Equities: Following a rise in COVID-19 cases in the US and China, both the S&P 500 and the Dow Jones Industrial Average futures point to decreases of -2.4% and -3.0%, respectively. In Europe, the STOXX 600 is down -0.8%, with the DAX -1.3% and the FTSE 250 -0.9% down over the morning.
VIX: The “investor fear gauge”, the CBOE market volatility index continues to oscillate. It is currently up +15.7% to 41.8, the highest the index has been since 22nd April. This indicates further expectations of near-term volatility.
Bonds: Bond yields compressed this morning, with the UK 10-year gilt yield, US 10-year treasury yield and German 10-year bund yield decreasing to 0.18%, 0.67% and -0.47%, respectively.
Currency: Both sterling and the euro have depreciated over the weekend and are currently at $1.25 and $1.13. Hedging benefits for US dollar denominated investors into the UK have decreased to 0.27% per annum on a five-year basis
Baltic Dry: The Baltic Dry Index increased for its tenth consecutive session on Friday, up +10.0% to 923.This is the highest the index has been since 2nd January 2020, indicating improving demand for raw materials.
Oil: BP has cut its oil price forecasts in anticipation that governments accelerate plans to reduce carbon emissions in the wake of COVID-19. Brent Crude is currently down -1.4% to $38.18 a barrel.
Join this week’s Commercial Conversations weekly insights webinar
On Thursday 18th June at 9:30am Will Matthews is joined by Emily Relf and Justin Eng who will discuss the early signs of recovery in APAC markets, implications for capital flows and the inferences that can be drawn for other markets.
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