Covid-19 Daily Dashboard - 5 November 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 5 November 2020.
Equities: Globally, stocks are higher this morning. In Europe, gains have been recorded by the DAX (+1.2%), CAC 40 (+1.0%), STOXX 600 (+0.8%) and the FTSE 250 (+0.3%). In Asia, the Hang Seng (+3.3%), Kospi (+2.4%), CSI 300 (+1.5%), Topix (+1.4%) and the S&P / ASX 200 (+1.3%) all closed higher. In the US, futures for the S&P 500 are up +1.8%.
VIX: After contracting -16.8% over yesterday, the CBOE market volatility index has declined a further -10.2% this morning to 26.6. The Euro Stoxx 50 volatility index has also decreased, contracting -6.9% to 26.1. Both indices remain elevated compared to their long term averages of 19.9 and 24.0.
Bonds: The US 10-year treasury yield has compressed -4bps this morning to 0.73%, while both the UK 10-year gilt yield and the German 10-year bund yield have contracted -1bp to 0.20% and -0.65%.
Currency: The euro has appreciated to $1.18 and sterling is currently $1.30. Hedging benefits for US dollar denominated investors into the UK and the eurozone are at 0.38% and 1.20% per annum on a five-year basis.
Baltic Dry: The Baltic Dry decreased -3.1% yesterday to 1,224, the lowest the index has been since mid June. The Baltic Dry is now -37% lower than it was at the peak seen in July, and over the last 22 sessions, the index has seen cumulative declines of -42%. However the Baltic Dry remains +12% higher than it was in January.
Oil: Brent Crude remains flat over the morning at $41.22 per barrel, while the West Texas Intermediate (WTI) has contracted -0.2% to $39.07. The WTI has remained below $40 per barrel since 23rd October.
US Election: The most recent probability of President Trump being re-elected is 20%, down from yesterday’s 37%, according to Predictit. Joe Biden’s likelihood of winning the election is currently 86%, an increase from the 79% probability recorded yesterday.
Bank of England: The Bank of England has announced it will increase quantitative easing by £150 billion, taking the total stock of government bond purchases to £895 billion. The BoE has also maintained the UK interest rate at 0.1% in November.