Covid-19 Daily Dashboard - 12 October 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 12 October 2020.
COVID-19: The total number of cases recorded globally is c.37.5 million, with approximately 1.08 million reported deaths according to Johns Hopkins University & Medicine. India joins the US with recorded cases surpassing 7 million. The US accounts for roughly 21% of global recorded cases, while India is circa 19%.
Equities: In Europe, stocks are higher this morning, with the FTSE 250 (+0.6%), STOXX 600 (+0.3%), the CAC 40 and the DAX (both +0.2%) all recording gains. In Asia, the CSI 300 (+3.0%), the Hang Seng (+2.2%) and the S&P / ASX 200 (+0.5%) all closed higher, while the Topix was -0.2% lower on close. In the US, futures for the S&P 500 are up +0.3%.
VIX: The CBOE market volatility index and the Euro Stoxx 50 volatility index have increased +1.9% and +0.8% over the morning to 25.5 and 22.4, respectively. While the CBOE vix remains elevated compared to its long term average (LTA) of 19.9, the Euro Stoxx 50 vix is below its LTA of 23.9.
Bonds: The UK 10-year gilt yield, German 10-year bund yield and the Italian 10-year bond yield have all compressed -1bp to 0.27%, -0.54% and 0.71%.
Currency: Sterling and the euro are currently $1.30 and $1.18, respectively. Hedging benefits for US dollar denominated investors into the UK and the eurozone are at 0.39% and 1.21% per annum on a five-year basis.
Oil: The West Texas Intermediate (WTI) has declined below $40 per barrel this morning after decreasing -1.7% to $39.91. Brent Crude is also down this morning, contracting -1.5% to $42.20.
Baltic Dry: The Baltic Dry decreased for the third consecutive session on Friday, down -4.0% to 1,892. This brings cumulative declines over the last four trading sessions to -10%. Declines on Friday were compounded by a -6.4% decline in the capesize rate.
Gold: The price of gold increased +2% on Friday to $1,930 per troy ounce. While gold is +26% higher than it was at the start of they year, it has declined -6% compared to the record reached on 6th August.