Covid-19 Daily Dashboard - 10 December 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 December 2020.
COVID-19: The total number of cases recorded globally is approximately 69 million, with circa 1.6 million reported deaths according to Johns Hopkins University & Medicine.
Equities: In Europe, stocks are mixed, with the CAC 40 (+0.4%) and DAX (+0.1%) both higher this morning, while the STOXX 600 is flat and the FTSE 250 is down -0.4%. In Asia, the S&P / ASX 200 (-0.7%), Kospi (-0.3%), Hang Seng (-0.3%) and Topix (-0.2%) all closed lower. However, the CSI 300 was flat on close. In the US, futures for the S&P 500 are +0.2%.
VIX: Following a +5.2% increase over yesterday, the CBOE market volatility has declined -2.8% this morning to 21.6, which is above its long term average (LTA) of 19.9. Meanwhile, the Euro Stoxx 50 volatility index has increased this morning, up +0.9% to 20.2, remaining below its LTA of 24.0.
Bonds: The UK 10-year gilt yield has compressed -4bps to 0.22%, while the German 10-year bund yield is down -2bps to -0.62% and the US 10-year treasury yield has declined -1bps to 0.93%.
Currency: Sterling has depreciated to $1.33 while the euro is currently $1.21. Hedging benefits for US dollar denominated investors into the UK and the eurozone are 0.51% and 1.36% per annum on a five-year basis.
Baltic Dry: The Baltic Dry increased +0.1% yesterday to 1122. Year to date gains in the index are currently at just +3%, following cumulative declines of -46% since 6th October. When compared to the peak of 1956 seen on 6th July, the index is down -43%.
Brexit: There is currently a 45% likelihood of a trade deal between the UK and the European Union being signed in 2020, according to Oddschecker. This compares to 86% one week ago and 71% last month.
UK Economy: Output in October increased +0.4% compared to the month prior, the sixth consecutively monthly increase, albeit down from +1.1% in September and the lowest growth rate since May, according to the ONS. In October, GDP is +23.4% higher than the April 2020 low, however, remains -7.9% lower than it was in February 2020, before the full impact of COVID-19.