Covid-19 Daily Dashboard - 10 November 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 10 November 2020.
Equities: In Europe, stocks were mostly higher, with gains recorded by the CAC 40 (+1.2%), FTSE 250 (+0.7%) and the STOXX 600 (+0.3%). However, the DAX is -0.3% down over the morning. In Asia, both the Hang Seng and the Topix added +1.1% on close, whilst the S&P / ASX 200 (+0.7%) and the Kospi (+0.2%) were also higher on close. The CSI 300 was the exception, which closed -0.6% down. In the US, futures for the S&P 500 are up +0.2%.
VIX: After increasing +3.6% over yesterday, the CBOE market volatility index has decreased -4.5% this morning to 24.6, remaining above its long term average (LTA) of 19.9. The Euro Stoxx 50 volatility index has also declined, decreasing -6.9% to 23.9, the lowest it has been since mid-October and just below its LTA of 24.0.
Bonds: German 10-year bund yield has softened +2bps to -0.50, while both the UK 10-year gilt yield and the US 10-year treasury yield have softened +1bp to 0.39% and 0.93%, respectively. This is the highest the UK 10-year gilt yield has been since the beginning of April, while the US 10-year treasury yield was last this high at the end of March.
Currency: Sterling has appreciated to $1.32, while the euro has depreciated to $1.18. Hedging benefits for US dollar denominated investors into the UK and the eurozone are at 0.38% and 1.2% per annum on a five-year basis.
Baltic Dry: The Baltic Dry increased for its second consecutive session yesterday, up +0.9% to 1,207. This is the first time the index has seen consecutive growth in nine sessions. Over the past 25 sessions, the index has seen cumulative declines of -42%. However the Baltic Dry remains +11% higher than it was in January.
Oil: The West Texas Intermediate (WTI) has increased +1.6% over the morning to $40.94, which is the first time it has been above $40 per barrel since 23rd October. Brent Crude has also increased over the morning, up +1.9% to $43.19, the highest it has been since mid-October.
Gold: The price of gold declined -4.3% yesterday to $1,867 per troy ounce. While the price of gold remains -10% lower than its record high of $2,063 in August, gold is +22% above where it was at the start of the year.