ECONOMICS Daily Economics Dashboard - 14 April 2021 An overview of key economic and financial metrics. Written By: William Matthews, Knight Frank 14 Apr 2021 2 minutes to read Categories: Property Sector Offices service Consultancy Topic Covid-19 Economics World Regions UK London Download an overview of key economic and financial metrics on 14 April 2021. Equities: Globally, stocks are mostly higher. In Europe, gains have been recorded by the CAC 40 (+0.4%), STOXX 600 (+0.2%) and DAX (+0.1%). Meanwhile the FTSE 250 is flat over the morning. In Asia, the Hang Seng (+1.4%), CSI 300 (+0.8%), S&P / ASX 200 (+0.7%) and KOSPI (+0.4%) all closed higher. The TOPIX was the exception, down -0.3% on close. In the US, futures for the S&P 500 and Dow Jones Industrial Average (DJIA) are both +0.1%. VIX: After declining -2% over Tuesday, the CBOE market volatility index has slightly increased this morning, up +0.2% to 16.7, remaining below its long term average of 19.9. Meanwhile, the Euro Stoxx 50 volatility index is lower, down -2.0% to 16.0, its lowest reading since December 2019 and comfortably below its long term average of 23.9. Bonds: The US 10-year treasury yield has softened +2bps to 1.64%, while the German 10-year bund yield has compressed -1bp to -0.30% and the UK 10-year gilt yield has held steady at 0.78%. Currency: The euro has appreciated to $1.20 and sterling is currently $1.38. Currency hedging benefits for US dollar denominated investors into the UK and Eurozone are at 0.54% and 1.70% on a five year basis. Oil: Brent Crude and the West Texas Intermediate (WTI) have increased +1.6% and +1.7% this morning to $64.68 and $61.20, respectively. Both Brent Crude and the WTI are at their highest levels since March. Baltic Dry: The Baltic Dry decreased -0.2% on Tuesday to 2140, its first daily decline this week. The index remains -8% below the March peak of 2,319, albeit it is currently +57% above where it was at the start of the year. Prices were driven down largely by panamax rates, which declined -1.6% yesterday to a more than two month low. European Debt: European direct lending deals, where funds make loans that would traditionally be made or arranged by a bank, had their strongest Q4 on record in 2020, according to Deloitte. The number of direct deals totalled 155 in Q4 2020, a +2% increase on Q4 2019. Over H2 2020, there were 232 European direct lending deals, a +52% increase on H1 2020, albeit a -25% decline when compared to H2 2019. The UK recorded a -3% decline in the number of lending deals in H2 2020 versus H2 2019, whereas Germany recorded an -18% contraction and France a -57% drop. Previous article Midweek property news update - 14th April Next article Monthly UK Residential Property Market Update – April 2021 Healthcare Capital Markets - 2021 Knight Frank’s annual assessment of the latest investment trends and performance in the UK Healthcare property sector. Download now × Download - First Name: * Last Name: * Email Address: * By ticking the box, I give my express permission for Knight Frank to contact me with regards to future research reports and event invitations. Find out how we use your personal information. Download Cancel Your download has started Download it manually Tags: Covid-19 Research Forecasts Economics Further reading Daily Economics Dashboard - 13 April 2021 An overview of key economic and financial metrics. 13 Apr 2021 Daily Economics Dashboard - 12 April 2021 An overview of key economic and financial metrics. 12 Apr 2021 Daily Economics Dashboard - 9 April 2021 An overview of key economic and financial metrics. 09 Apr 2021 Daily Economics Dashboard - 8 April 2021 An overview of key economic and financial metrics. 08 Apr 2021