Covid-19 Daily Dashboard – 01 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 01 June 2020.
Equities: Global equities were up this morning. The FTSE 100 and CAC 40 both added circa +1.5% in the first hour of trading this morning, according to the FT. Hong Kong’s Hang Seng Index increased +3.4%, while China’s CSI 300 gauge of Shanghai and Shenzhen listed shares added +2.7%. Meanwhile, STOXX 600, is on track for a three-month high. Futures for the S&P 500 are also up +0.3%.
Bonds: The US 10-year treasury yield has increased by +3bps to 0.67%. The UK 10-year government bond yield and the German 10-year bund yield are currently 0.20% and -0.42%, respectively.
Currency: Sterling has appreciated slightly to $1.24, while the euro remains at $1.11. Hedging benefits for US dollar denominated investors into the UK closed out at 0.23% per annum on a five-year basis on Friday.
Baltic Dry: The Baltic Dry Index closed back above 500 on Friday, at 504. Nevertheless, there remains some way to go to recover back to 757 seen on 20th April before an 18 session rout or to 1,090 seen at the end of last year.
Oil: Oil prices remain above $30 a barrel, with the West Texas Intermediate (WTI) at $35.45 a barrel and Brent Crude $37.79 a barrel.
European PMIs: The IHS Markit manufacturing PMI for the eurozone reached a two-month high at 39.4 in May, as governments eased coronavirus restrictions. However, a figure below 50 is considered contractionary. In Italy, the manufacturing PMI rose to 45.4 in May, from 31.1 the month prior, however, this is the 22nd consecutive month that the indicator has been below 50 for the country. In Spain, the manufacturing PMI remains significantly below 50 at 38.3, up from 30.8 in April.