- The first data release from Moderna’s coronavirus vaccine trials is promising for its success. The rate of death globally from the virus continues to increase.
- Stocks and risky assets rose yesterday. The U.S. Dollar is broadly lower, while Silver closed at a 10-month high and the Euro closed at a 4-month high. Both are likely to see higher prices still over the coming days.
- WTI Crude Oil made a recovery with risk returning and is now trading above $40 per barrel.
- Riskier currencies such as the Australian Dollar and Euro are strong, while safe havens are weak. The U.S. Dollar is in a confirmed long-term downwards trend after making a technical “death cross” last week.
- Yesterday saw the third-highest daily total new coronavirus confirmed cases globally at 217,917. California has re-imposed closures as new coronavirus cases soared to over 8,000 daily. Other areas that initially appeared to successfully suppress the coronavirus, such as Australia and Israel, as well as several U.S. states, have re-imposed closure restrictions.
- Coronavirus deaths in Latin America and the Caribbean are 48% of the global daily total, well exceeding those in both the U.S.A. (14%) and Europe (approx. 9%) which shows that the epicenter of the pandemic is well established in Latin America. Deaths in the U.S.A. have been rising for two weeks.
- Total confirmed new coronavirus cases stand at over 13.3 million with an average case fatality rate of 4.34%.
- The number of new coronavirus cases is rising very strongly in India, which has now overtaken Russia to stand at third place globally with over 936,000 total confirmed cases. South Africa now has more confirmed cases than the United Kingdom.
- Brazil continues to see more daily deaths from coronavirus than any other country in the world.
- The rate of new coronavirus infections appears to be now increasing most quickly in the United States, Albania, Algeria, Australia, Bolivia, Colombia, Ivory Coast, Croatia, Dominican Republic, Ecuador, El Salvador, Honduras, Haiti, India, Iraq, Israel, Japan, Kosovo, Kyrgyzstan, Lebanon, Luxembourg, Montenegro, Nigeria, North Macedonia, Oman, Panama, Paraguay, Poland, Romania, Serbia, South Africa, Sri Lanka, Uzbekistan, and Venezuela.