Daily Economics Dashboard - 29 January 2021
An overview of key economic and financial metrics.
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Download an overview of key economic and financial metrics on 29 January 2021 2020.
Equities: In Europe, the STOXX 600, CAC 40 and DAX are all down -1.2%, followed by the FTSE 250 (-0.9%). In Asia, the KOSPI (-3.0%), the TOPIX (-1.6%), Hang Seng (-0.9%), S&P / ASX 200 (-0.6%) and the SCI 300 (-0.5%) all closed lower. In the US, the S&P 500 and Dow Jones Industrial Average (DJIA) are currently -1.1% and -0.9%.
VIX: The CBOE market volatility index, has increased a further +13.6% this morning, trading at 33.76. The Euro Stoxx 50 volatility index is also up by +13.3% to 29.4. Both indexes are above their long term average.
Bonds: The UK 10-year gilt yield and the German 10-year bund yield softened by 3bps to 0.32% and -0.51% respectively. The US 10-year treasury yield also softened by 2bps to 1.07%.
Currency: Sterling and Euro are currently $1.37 and $1.21. Hedging benefits for US dollar denominated investors into the UK and the eurozone are at 0.56% and 1.36% per annum on a five-year basis.
Baltic Dry: The Baltic Dry decreased for the fifth successive session yesterday, down by -4.5% to 1,470, which is also -20.8% lower than the four-month high seen two weeks ago. Weak Chinese pre-holiday steel consumption may have weighed on sea freight rates.
Oil: Brent Crude is stable this morning, trading at $55.48 per barrel. The West Texas Intermediate (WTI) is up by 0.3% to $52.54 per barrel.
German GDP: The German economy declined -3.9% year-on-year in the last three months of 2020. This is slightly better than market expectations of -4.0%, but remains the forth 4th consecutive quarter of decline, leading to a full 2020 contraction of -5.3%, flash estimates showed.
French GDP: The French economy declined -1.3% quarter-on-quarter in the last three months of 2020, better than market forecasts of -4.0%.
Vaccines: Globally, there have been more than 82 million of COVID-19 vaccinations administered. This is an increase of 28 million (52%) over the last week.