Covid-19 Daily Dashboard – 29 June 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 29 June 2020.
Equities: In Europe, the STOXX 600 is currently flat, the CAC 40 -0.1%, the FTSE 250 -0.4% and the DAX +0.5%. In Asia, stocks closed lower, with the Kospi -1.9%, Topix -1.8% and the Hang Seng -1.0%. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are up +0.2% and +0.3%.
VIX: The CBOE market volatility index and the Euro Stoxx 50 volatility price index are currently at 33.6 and 35.8, respectively. Both indices remain above their long term averages, indicating further expectations of near-term volatility.
Bonds: The UK 10-year gilt yield, US 10-year treasury yield and German 10-year bund yield are currently 0.18%, 0.69% and -0.47%.
Currency: Sterling has depreciated slightly, currently at $1.23, while the euro has appreciated to $1.13. Hedging benefits for US dollar investors into the UK and the eurozone are currently 0.29% and 1.16% per annum on a five-year basis.
Baltic Dry: The index increased for its 20th consecutive session on Friday, up +0.6% to 1,749. The index is +60% above where it was at the beginning of the year, indicating improving demand for raw materials and subsequently manufacturing.
Oil: Brent Crude fell by -1.2% this morning to $40.44 per barrel, while the West Texas Intermediate is down -1.2% to $38.00 per barrel. This comes as the Chesapeake Energy, the company that pioneered shale gas, filed for bankruptcy in the US.
US Election: Predictit, the online political futures market currently indicates a 39% likelihood of President Trump being re-elected in November, compared to a 49% likelihood one month ago. The current probability of Joe Biden winning the election is 61%, up from 49% last month.