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by Tom Lake
Today's Major COVID-19 Headlines And Latest Data
- Russian President Vladimir Putin has announced that the Russian Health Ministry has given regulatory approval to a COVID-19 vaccine developed by the Gamaleya Research Center, making it the first country in the world to create an approved vaccine. There remain concerns about the safety of the drug, given the speed at which it was developed, and as an attempt to assuage this Putin said one of his daughters had been administered with the vaccine.
- The number of confirmed COVID-19 cases worldwide crossed the 20mn threshold on August 10. The 7-day average increase in cases continues to slow at a gradual pace, currently at 1.4% per day over the past week from 1.7% per day in late-July when the nominal daily increase in worldwide cases peaked at 290,100 on July 31. The US, India, and Lat Am region remain the major contributors to daily new cases, with India's case total rising by over 1mn in just 19 days between July 23 and August 10.
- New Zealand has recorded its first cases of community-transmitted COVID-19 in 102 days, with a family of 4 infected by an unknown source. In response, PM Jacinda Ardern placed the city of Auckland into lvl.3 lockdown (staying home encouraged) until midnight Friday, and the rest of the country into lvl.2 (social distancing required).
- Global increase in cases (daily) – Yesterday: 1.1%. Seven-day average: 1.4%
- Global increase in fatalities (daily) – Yesterday: 0.7%. Seven-day average: 0.8%
MNI EXCLUSIVE: Italy Looks To ECB, Recovery Fund To Meet Needs – Italy will look to the European Central Bank's emergency measures and the resources of the European Union including the EUR750 billion recovery fund to meet the liquidity requirements needed to boost its pandemic-hit economy rather than look to tap the European Stability Mechanism, a senior 5-Star official told MNI. On MNI Policy Main Wire and email now - for more details please contact sales@marketnews.com
Chart 1. COVID-19 Cases and Fatalities, Nominal and % Chg Day-to-Day (5dma)
Source: JHU, MNI. As of 0600BST August 11. N.b. Each dot represents a single day's figures, data for past month
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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.