Covid-19 Daily Dashboard – 10 June 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 10 June 2020.
Equities: The Nasdaq composite closed at a record high, briefly hitting 10,000 points yesterday. European stocks have seen gains over the morning, led by the CAC 40 in Paris, which added +1.0%, followed by the FTSE 250 and STOXX 600, which were both up +0.7%. Other gains were recorded by the FTSE 100 (+0.6%) and Frankfurt’s DAX (+0.5%). In Asia, the Hang Seng and S&P/ASX 200 were broadly flat, while the Topix closed -0.2% lower.
VIX: The “investor fear gauge”, the CBOE market volatility index is currently 27.0 and the Euro Stoxx 50 volatility price index has nudged back up above 30, to 30.3. Both of these indices remain elevated, 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 have all seen further reductions this morning to 0.32%, 0.80% and -0.32% respectively.
Currency: Both sterling and the euro have appreciated slightly to $1.28 and $1.14. Hedging benefits for US dollar denominated investors into the UK and the Eurozone have decreased to 0.28% and 1.12% per annum on a five-year basis, respectively.
Baltic Dry: The Baltic Dry Index increased for its seventh consecutive session yesterday, up +2.3% to 714. This is the first time the index has been above 700 since 21st April.
Oil: Oil prices have depreciated this morning, as concerns regarding the oversupply of oil remerged. According to American Petroleum Institute (API) estimates, US crude oil inventories increased by 8.4 million barrels for the week ending 5th June, compared to analyst expectations of a reduction in inventory of 1.7 million barrels. Brent Crude is currently down -1.6% to $40.51 a barrel, while the West Texas Intermediate (WTI) has declined -2.5% to $37.97 per barrel.
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