Covid-19 Daily Dashboard – 6 July 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 6 July 2020.
Equities: In Europe, the STOXX 600 is up +1.5%, while the DAX and the FTSE 250 have seen increases of +1.9% and +1.5%. In Asia, the CSI 300 closed +5.7% higher, the biggest one-day rise since February 2019. The Hang Seng (3.8%), Kospi (+1.7%) and Topix (+1.6%) were also up on close. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are +1.7% and +2.1%.
Bonds: The UK 10-year gilt yield, US 10-year treasury yield and German 10-year bund yield are currently 0.21%, 0.69% and -0.43%.
Currency: Both sterling and the euro have slightly appreciated this morning to $1.25 and $1.13, respectively. Hedging benefits for US dollar denominated investors into the UK and the eurozone are currently 0.27% and 1.11% per annum on a five-year basis.
Baltic Dry: The Baltic Dry has increased for 25 consecutive sessions, up +3.9% to 1,894 on Friday. The index was last this high on 16th October and has recovered by 1,501 points since mid-May. This indicates improving demand for raw materials and subsequently manufacturing, as well as some adjustment to the supply side.
Oil: Brent Crude and the West Texas Intermediate (WTI) both remain above $40, currently at $43.52 and $40.88 per barrel, respectively.
UK Construction: The Construction PMI increased to 55.3 in June from 28.9 in May, considerably above market expectations of 47.0. This is the steepest increase in the index since July 2018. Figures above 50 are considered expansionary.
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