Covid-19 Daily Dashboard - 23 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 23 November 2020.
Equities: Globally, stocks are higher. In Europe, gains have been recorded by the FTSE 250 and the DAX (both +0.5%), as well as the CAC 40 (+0.4%) and the STOXX 600 (+0.2%). In Asia, the Kospi (+1.9%), CSI 300 (+1.2%), S&P / ASX 200 (+0.3%) and Hang Seng (+0.1%) all closed higher. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are up +0.5% and +0.6%, respectively.
VIX: Following a +2.6% increase over Friday, the CBOE market volatility index has decreased -1.3% this morning to 23.4, which remains above its long term average (LTA) of 19.9. Meanwhile, the Euro Stoxx 50 volatility index has increased, up +2.1% to 21.9 below its LTA of 24.0.
Bonds: The US 10-year treasury yield has softened +3bps to 0.85%, while the UK 10-year gilt yield is up +1bp to 0.32%. The German 10-year bund yield has held steady at -0.58%.
Currency: Sterling has appreciated this morning to $1.34, while the euro is currently $1.19. Hedging benefits for US dollar denominated investors into the UK and the eurozone are currently 0.40% and 1.28% per annum on a five-year basis.
Baltic Dry: The Baltic Dry increased for its fourth consecutive session on Friday, up +1.2% to 1148. This marks the index’s first weekly gain in seven weeks. However, year to date gains in the index are at just +5%, following cumulative declines of -45% over the past 34 sessions.
Oil: Brent Crude and the West Texas Intermediate (WTI) have increased +1.4% and +1.5% over the morning to $45.57 and $42.80, respectively. This is the highest both have been since the beginning of September.
Gold: The price of gold increased +0.2% on Friday to $1,870 per troy ounce. This remains +22% above where it was at the start of the year, albeit the price of gold is -9% lower than its record high of $2,063 in August.