Covid-19 Daily Dashboard - 3 November 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 3 November 2020.
Equities: Globally, stocks are higher. In Europe, the CAC 40 (+2.3%), DAX (+2.0%), STOXX 600 (+1.8%) and the FTSE 250 (+1.3%) are all up over the morning. In Asia, the Hang Seng (+2.0%), Kospi (+1.9%), S&P / ASX 200 (+1.9%) and the CSI 300 (+1.2%) were all higher on close. In the US, futures for the S&P 500 are up +1.4%.
VIX: After contracting -2.3% over yesterday, the CBOE market volatility index continues to decline this morning, down -3.2% to 36.0. The CBOE vix remains elevated compared to its long term average (LTA) of 19.9. The Euro Stoxx 50 volatility index has also decreased, contracting -6.8% to 32.8, which is below its LTA of 24.0.
Bonds: The UK 10-year gilt yield has softened +3bps to 0.25%, the US 10-year treasury yield is up +2bps to 0.87% and the German 10-year bund yield is +1bp higher at -0.62%.
Currency: Both sterling and the euro have appreciated to $1.30 and $1.17, respectively. Hedging benefits for US dollar denominated investors into the UK and the eurozone are at 0.41% and 1.26% per annum on a five-year basis.
Baltic Dry: The Baltic Dry increased +0.1% yesterday to 1,284, albeit this remains close to a six-week low. Over the last 20 sessions, the Baltic Dry has seen cumulative declines of -39%, however the index remains +18% higher than it was at the beginning of the year.
Oil: Brent Crude is back above $40 per barrel this morning after increasing +2.9% to $40.11. However, the West Texas Intermediate (WTI) remains below $40 at $37.95, despite increasing +3.1% this morning.
Gold: Gold was priced at $1,894 per troy ounce on Monday, a +0.9% increase on the day prior and +23.9% up on the price at the start of the year.
US Election: Predictit, the online political futures market currently indicates a 43% likelihood of President Trump being re-elected in November, unchanged from one week ago and up from a 40% likelihood one month ago. The current probability of Joe Biden winning the election is 63%, up from 62% one week ago and unchanged from last month.