Covid-19 Daily Dashboard – 03 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 03 June 2020.
Equities: Global equity markets continue to see a cautious recovery and have reached their highest level since March this week. The SSE, S&P 500, Nikkei 225 and DAX 30 indexes all now have under -10% year to date losses. In Asia, South Korea’s Kospi also added +2.9% over the course of yesterday, following the proposal of a further $29 billion stimulus package.
VIX: The “investor fear gauge”, the CBOE market volatility index, remains below 30, currently at 27.9. The Euro Stoxx 50 volatility price index is also below 30 at 29.3.
Bonds: Both the UK 10-year government bond and the German 10-year bund yield increased +3bps to 0.26% and -0.38%, respectively. The US 10-year treasury yield is also up, increasing by +2bps to 0.71%.
Currency: Sterling has continued to appreciate, currently at $1.26, while the euro remains stable at $1.12. Hedging benefits for US dollar denominated investors into the UK have increased to 0.24% per annum on a five-year basis.
Baltic Dry: The Baltic Dry Index increased for its third consecutive session yesterday, up +5.0% to 546. However, there remains some way to pare back its losses to 757 recorded on 20th April or to 1,090 seen at the end of last year.
Oil: Oil prices continue to appreciate, this morning, with Brent Crude above $40 per barrel for the first time in three months at $40.10, an increase of +1.3%.
COVID-19 research: What we know, what we expect, what we question:
Released today, our third COVID-19 research paper briefly summarises our perspectives on 11 key areas, from capital markets to care homes, retail to residential, and this time with a special focus on real estate lending. View the research here.
This week’s Commercial Conversations weekly insights webinar
At 9:30am on Thursday 4 June Will Matthews will host Matthew Bowen, Global Head of Student Housing Research and Lisa Attenborough, Head of Debt Advisory for an update on the latest in their respective areas. Use the link below to register, and catch up ‘on-demand’ with previous webinars.
Register for Commercial Conversations.