Covid-19 Daily Dashboard – 8 July 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 8 July 2020.
Equities: In Europe, the STOXX 600 is down -0.3%, while the FTSE 250 and the DAX have seen decreases of -0.5% and -0.3%. In the US, futures for the S&P 500 and the Dow Jones Industrial Average are +0.3% and +0.2%. In Asia, the S&P / ASX 200 (-1.5%), Topix (-0.9%) and the Kospi (-0.2%) were all down on close. However, the CSI 300 closed +1.6% higher, with year to date (YTD) gains of +16.5% on the back of positive sentiment around China’s economic recovery.
Currency: Sterling is up over the morning to $1.26, with the euro static at $1.13. Hedging benefits for US dollar denominated investors into the UK and the eurozone are 0.29% and 1.08% per annum on a five-year basis.
Baltic Dry: The Baltic Dry index has declined for the first time in 27 sessions, down -0.4% to 1,949. The increase in supramax and panamax rates was offset by the second consecutive session of contraction in the capsize index.
US Election: Predictit, the online political futures market currently indicates a 42% likelihood of President Trump being re-elected in November, compared to a 38% likelihood one week ago. The current probability of Joe Biden winning the election is 60%, down from 61% last week.
ECB Asset Purchase Scheme: Christine Lagarde, president of the European Central Bank (ECB) has committed to using its €2.8 trillion asset purchasing scheme to pursue green objectives. The ECB will become the first central bank to use its flagship bond-buying programme to do this. As a part of the ECB’s strategic review, the bank is considering ways to address climate change. The ECB is not alone in its focus, with the Bank of England having previously committed to targeting climate change.
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