Covid-19 Daily Dashboard - 28 October 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 28 October 2020.
Equities: In Europe stocks are lower, with the DAX (-2.8%), CAC 40 (-2.7%) and the FTSE 250 (-1.5%) all recording losses over the morning. The European benchmark, the STOXX 600, which is down -2.0% over the morning, has experienced three consecutive days of declines and is now at its lowest level since May. In Asia, stocks were mixed, with the Hang Seng and the Topix both closing -0.3% lower, while the CSI 300 (+0.8%), Kospi (+0.6%) and the S&P / ASX 200 (+0.1%) were all higher on close. In the US, futures for the S&P 500 are down -1.2%.
VIX: The CBOE market volatility index and the Euro Stoxx50 volatility index have increased +8.1% and +10.6% over the morning to 36.1 and 36.2, respectively. This is the highest both indices have been since June, with both indexes elevated compared to their long term averages of 19.9 and 23.9.
Bonds: The UK 10-year gilt yield and the German 10-year bund yield have both compressed -2bps this morning to 0.21% and -0.64%, while the US 10-year treasury yield declined -1bp to 0.76%.
Currency: Sterling and the euro are currently $1.30 and $1.18, respectively. Hedging benefits for US dollar denominated investors into the UK and the eurozone are at 0.39% and 1.25% per annum on a five-year basis.
Baltic Dry: The Baltic Dry increased +0.8% yesterday to 1,413. Over the last 16 sessions, the index has seen cumulative declines of -33%, albeit the Baltic Dry remains +30% higher than it was at the beginning of the year.
Oil: The West Texas Intermediate (WTI) remains below $40 per barrel after declining -3.8% over the morning to $38.06. Brent Crude is also down, decreasing -2.0% to $40.38 per barrel.
Gold: Gold was priced at $1,907 per troy ounce on Tuesday, +0.3% on the day prior and +25.7% up on the price at the start of the year.