Covid-19 Daily Dashboard – 23 April 2020
Your daily market dashboard from our Commercial Research team
1 minute to read
Highlights today across key economic and financial indicators:
Equities
Global equity markets have been broadly flat so far today. This follows declines yesterday as a result of continued supply and demand concerns in the oil industry.
VIX
The “investor fear gauge”, the VIX volatility index, is currently at 40, down from 42.0 yesterday. This remains elevated, which suggests continued near term equity market volatility.
Bond Yields
10-year government bond yields have remained broadly stable over the last few days, aided by continued central bank support. The 10-year UK Gilt yield is currently 0.30%, 10-year German Bund -0.42% and the 10-year US Treasury 0.62%.
Oil
The oil sell off earlier in the week, compounded by storage issues, has largely stabilised, with Brent Crude back up above $20, at $21.7 a barrel.
Baltic Dry
The Baltic Dry index dropped to a one-week low on Wednesday, falling overnight by -4.7% to $694, its lowest level since April 14th due to weakened demand.
UK Borrowing
The UK Treasury is looking to raise £180 billion in the next three months, which is more than quadruple its prior borrowing plans of circa £39 billion, according to the Financial Times. The economic impact of COVID-19 could push the UK’s budget deficit to as much as £260 billion, according to Paul Johnson, Director of the Institute for Fiscal Studies.
Download the key economic and financial metrics relating to Covid-19