Covid-19 Daily Dashboard – 7 July 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 7 July 2020.
Lockdown: In the Melbourne metropolitan area, from midnight on Wednesday restrictions will be imposed for six weeks, following an increase in COVID-19 cases. This includes limiting movements to buying necessities, going to work if necessary and for caring duties. Meanwhile, two separate locations in the Catalonia and Galicia regions of Spain are currently under limits to non-essential travel.
Equities: In Europe, the STOXX 600 is down -1.0%, while the DAX and the FTSE 250 have seen decreases of -1.4% and -0.6%. In Asia, the CSI 300 closed +0.6% higher, taking gains over the past week to +12%, according to the FT. However, the Hang Seng (-1.4%), Kospi (-1.1%) and Topix (-0.3%) were all down on close. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are -0.8% and -0.9%.
VIX: The CBOE market volatility index and the Euro Stoxx 50 volatility price index have both nudged up by +2.2% and +3.7% to 29.88 and 28.61, respectively. Both indices remain above their long term averages, indicating further expectations of near-term volatility.
Bonds: The UK 10-year gilt yield, US 10-year treasury yield and German 10-year bund yield have slightly compressed this morning to 0.18%, 0.67% and -0.45%.
Currency: Both sterling and the euro remain at $1.25 and $1.13, respectively. Hedging benefits for US dollar denominated investors into the UK and the eurozone are currently 0.28% and 1.10% per annum on a five-year basis.
Baltic Dry: The index is up +3.3% to 1,956, +79% higher than the start of the year. This is despite a -8.3% decline in the capesize index (the largest dry cargo vessels), with the increase being driven by higher supramax and panamax rates, in part due to a near-term shortfall of supply.
Oil: Brent Crude and the West Texas Intermediate (WTI) both remain above $40, currently at $42.60 and $40.09 per barrel, having declined by -1.07% and -1.33%, respectively over the morning.
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