Daily Economics Dashboard - 12 January 2021
An overview of key economic and financial metrics.
2 minutes to read
Download an overview of key economic and financial metrics on 12 January 2021 2020.
Equities: In Europe, stocks are mixed this morning, with the STOXX 600 +0.1% higher, the FTSE 250 down -0.2%, while the DAX and CAC 40 are both flat. In Asia, the CSI 300 (+2.9%) and the Hang Seng (+1.3%) both closed higher, while the Kospi (-0.7%) and the S&P / ASX 200 (-0.3%) were lower on close. In the US, S&P 500 futures are up +0.3%.
VIX: Following a +10.8% increase over Monday, the CBOE market volatility index has decreased -3.5% this morning to 23.2, which remains above the long term average (LTA) of 19.5. The Euro Stoxx 50 volatility index has also decreased this morning, down -2.8% to 21.4, below its LTA of 23.9.
Bonds: The UK 10-year gilt yield has softened +3bps to 0.34%, while both the US 10-year treasury yield and the German 10-year bund yield have increased +2bps to 1.16% and -0.48%, respectively. The US 10-year treasury yield is now at its highest level since 19th March 2020.
Currency: Sterling has appreciated to $1.36, while the euro is currently $1.22. Hedging benefits for US dollar denominated investors into the UK and the eurozone are 0.69% and 1.43% per annum on a five-year basis.
Oil: Brent Crude and the West Texas Intermediate (WTI) have increased +1.5% and +1.3% to $56.47 and $52.94 per barrel, respectively. Both Brent Crude and the WTI are currently at their highest levels since February 2020.
Baltic Dry: The Baltic Dry increased for the ninth consecutive session on Monday, up +9.7% to 1,761, the highest it has been since 12th October. The main driver of this growth are capsize rates, which increased +16% yesterday and are now also at their highest since mid October.
Gold: The price of gold decreased for the fourth consecutive session on Monday, down -0.1% to $1,847.