Covid-19 Daily Dashboard – 26 June 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 26 June 2020.
Equities: In Europe, the STOXX 600 is currently up +0.3%, with the CAC 40 (+1.2%) and the FTSE 250 (+0.7%) also higher this morning. In Asia, stocks were up on close, with the S&P / ASX 200 +1.5% higher, while the Kospi (+1.1%) and the Topix (+1.0%) also recorded gains. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are down -0.7% and -1.0%.
VIX: The CBOE market volatility index and the Euro Stoxx 50 volatility price index are currently at 32.5 and 33.0, respectively. Both indices remain above their long term averages, indicating further expectations of near-term volatility.
Bonds: Both the German 10-year bund yield and the US 10-year treasury yield have compressed by 1bp to -0.47% and 0.67%, respectively. The UK 10-year gilt yield is flat at 0.16%.
Currency: Both sterling and the euro remain at $1.24 and $1.12. Hedging benefits for US dollar denominated investors into the UK and the eurozone have declined to 0.33% and 1.12% per annum on a five-year basis.
Baltic Dry: The Baltic Dry increased for its 19th consecutive session yesterday, up +1.9% to 1,738. The index was last this high at the end of October 2019 and is now 648 points or +59% above where it was at the beginning of the year, indicating improving demand for raw materials and subsequently manufacturing.
US Election: Predictit, the online political futures market currently indicates a 40% likelihood of President Trump being re-elected in November, compared to a 44% likelihood one week ago. The current implied probability of Joe Biden winning the election is 61%, up from 57% last Friday.