Coronavirus: market update

1:18 PM September 29, 2020

• While the coronavirus continues to spread around the world, experts remain concerned that the official figures for deaths and cases globally significantly under-represent the real tally because of inadequate testing and recording and the possibility of concealment by some countries. Meanwhile WHO has warned of a worrying spread in western Europe just weeks away from the winter flu season. Also pandemic still needs major control interventions amid rising cases in Latin America.
On Monday number of new cases decelerated to 230 624 as is always the case on that day given there are fewer tests conducted on Sundays. Meanwhile 7-day average, which smoothes out reporting irregularities currently stands at 285 007. Source: Worldometers
• It took just three months for COVID-19 deaths to double from half a million, an accelerating rate of fatalities since the first death was recorded in China in early January. The United States, Brazil and India, together account for nearly 45% of all COVID-19 deaths globally.
• India has recorded the highest daily growth in infections in the world, with an average of 87,500 new cases a day since the beginning of September.
• The number of new cases has risen for two weeks in a row in 27 out of 50 U.S. states, with North Carolina and New Mexico both reporting increases above 50% last week, according to a Reuters analysis.
Wisconsin set records for new cases twice last week and is now reporting more new infections each day than Florida. South Dakota, Utah and Wyoming have all set records for new daily cases three times this month. Source: Financial Times

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