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
Today's Major COVID-19 Headlines And Latest Data
- In their first joint campaign event with Democratic presidential nominee Joe Biden since her announcement as his vice-presidential pick, Kamala Harris said the scale of the outbreak in the US was "because of Trump's failure to take it seriously from the start,". Harris went onto say Trump's "delusional belief that he knows better than the experts". Harris' immediate attack on Trump's handling of COVID-19 is likely a sign of the Democrats making it a primary issue in the election campaign.
- A third Indian Cabinet minister has tested positive for COVID-19, with Minister of State for Defence Shripad Naik announcing he would self-isolate at home. Follows on from Home Minister Amit Shah and Minister for Petroleum Dharmendra Pradhan who are both confirmed cases. Comes on the day that fatalities from the virus in India reached 47,000, giving it the fourth-highest total worldwide behind the US, Brazil and Mexico, overtaking the UK.
- The Spanish region of Galicia has banned smoking in public areas or the street where social distancing cannot be managed. Regional government adviser Fernández Villar said, "We know that this is an unpopular measure for smokers, but I believe we are in an exceptional situation." This is the first measure of its kind in Europe and comes as new cases averaging over 1,000 per day in Spain in August.
- Global increase in cases (daily) – Yesterday: 1.4%. Seven-day average: 1.3%
- Global increase in fatalities (daily) – Yesterday: 0.9%. Seven-day average: 0.8%
MNI POLICY: Daly Says Stronger Fed Guidance Needed Eventually – San Francisco Fed President Mary Daly said Wednesday it's a matter of time before stronger forward guidance will be needed that ties interest rates to economic outcomes, while for now monetary policy has created clear expectations that help sustain the economy through the choppy path out of the pandemic. 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 13. N.b. Each dot represents a single day's figures, data for past month
Full article attached below:
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.