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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
by Tom Lake
COVID-19 Trends and Developments
- The United Kingdom recorded its highest daily new case number on October 4, with 22,961 added to the total. This huge leap of 4.8% in one day comes after a 12,871 increase on October 3, which at the time was also a record one-day increase. The significant jump in case numbers has been attributed to an error within government and NHS IT systems, with many of the cases recorded earlier in the week but not added to that days total. As such, the numbers for October 3 and 4 should be viewed as outliers, but those numbers from late September were likely significantly underestimating the spread of a second wave of infections.
- The global case increase on October 4 was recorded at 247,821. This marks the largest single daily increase on a Sunday on record, exceeding the previous high of 240,736 on August 20. Reported new cases on Sundays are consistently lower than other days with a number of countries with large caseloads, including France and Spain, not reporting any case or fatality figures on those days.
- Russia appears to be in the midst of a second wave of infections, with 10,376 new cases recorded on October 4. This is the highest 24-hour caseload since the May 15, when the country was in the midst of its initial first surge in cases. Russia's number of fatalities has also ticked up in recent weeks, rising to an average of 146 per day due to COVID-19 over the past week, the highest seven-day average since July 18.
Chart 1. COVID-19 Cases and Fatalities, Nominal and % Chg Day-to-Day (5dma)
Source: JHU, MNI. As of 0600BST October 5. N.b. Each dot represents a single day's figures, data for past three months
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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