Covid-19 Daily Dashboard – 20 July 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 20 July 2020.
Equities: In Europe, the STOXX 600 is down -0.4%, while the CAC 40 (-0.6%), FTSE 250 (-0.5%) and the DAX (-0.3%) have also decreased over the morning. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are both down -0.5%. In Asia, the S&P / ASX 200 (-0.5%), Hang Seng (-0.2%) and Kospi (-0.1%) were all down on close. However, the CSI 300 (+3.0%) and the Topix (+0.2%) both closed higher.
Bonds: The UK 10-year gilt yield and the US 10-year treasury yield are flat at 0.17% and 0.62%, while the German 10-year bund yield has increased +2bps to -0.44%. Meanwhile, the Italian 10-year government bond yield has compressed to its lowest level since early March at 1.19%, as negotiations over the EU’s recovery fund ensue.
Currency: The euro has appreciated to a four-month high, currently at $1.15. Sterling has also appreciated to $1.26. Hedging benefits for US dollar denominated investors into the UK and the eurozone are 0.33% and 1.08% per annum on a five-year basis.
Baltic Dry: The Baltic Dry index has increased for the second consecutive session on Friday, up +0.6% to 1,710. The main driver of this has been an improvement in the capesize index, which was up +1.8% on Friday.
Oil: Brent Crude and the West Texas Intermediate (WTI) are down -1.0% and -0.6% over the morning to $42.73 per barrel and $40.34 per barrel, respectively.