Coronavirus: market update

• Globally, the rate of new infections shows no sign of slowing, with the disease accelerating the fastest in the United States and South America.

•  Situation is also getting worse in Asia with Australia reporting its deadliest day on Thursday, Vietnam fretting over a new surge of cases and India reporting more than 52,000 new cases over the previous 24 hours.
On Thursday 290 459 new coronavirus cases were reported which is the highest number since the pandemic began.  Meanwhile 7-day average is still rising and currently stands at 258 739. Source: Worldometers

• Australia recorded its deadliest day with at least 14 deaths and more than 700 new infections, mostly in the second-most populous state of Victoria, where the government ordered all residents to wear face-coverings outside. Also authorities consider implementing more lockdown measures to stop the spread of the virus.

• Vietnam, which did not record any coronavirus case within last few months is also facing new surge of infections spreading to six cities and provinces in six days, linked to an outbreak in the central city of Danang.

• Britain's Health Secretary Matt Hancock said on Thursday he was worried about a second wave of coronavirus infections in Europe and that the government would not hesitate to act to bring back quarantine measures if necessary to keep Britain safe.

• France reported almost 1,400 new cases on Wednesday, the highest daily increase in more than a month.

• Daily death toll is accelerating in the US. According to Reuters, one person in the United States died about every minute from COVID-19 on Wednesday as 1,461 new deaths were recorded.

U.S. coronavirus deaths are rising at their fastest rate in two months. Source: The COVID Tracking Project

Daily summary: US stocks struggled for momentum amid weak data
&2757$Technical alert: US100 &YC8$
Coronavirus: market update
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