Why MNI
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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
- New Zealand's Prime Minister Jacinda Ardern announced on August 17 that the country's general election, scheduled for September 19, would be delayed by one month to October 17 due to the new outbreak of COVID-19 in the country. The number of cases linked to the initial cluster in Auckland has expanded to 58, after a period of 102 days with no new cases. The opposition National Party had called for the delay, arguing restrictions on movement gave Ardern an advantage given that she would be able to make public speeches while they would be unable to campaign.
- The Sarang Jeil Church in South Korea has been linked to a cluster of over 300 new COVID-19 infections, with its lead pastor Jun Kwang-hoon testing positive for the virus after attending an unauthorised anti-government rally in the capital Seoul at the weekend. President Moon Jae-in said the church members at the rally had committed an "unforgivable act that threatens the lives of the people". South Korea has recorded three-figure daily increases in new cases for four days straight for the first time since March 11-14 on August 13-16.
- Peru recorded its highest total of daily new COVID-19 cases on August 16, with 10,143 added to the total. The country has the sixth-highest number of cases worldwide, and sits alongside Latin American peers Brazil, Mexico, Colombia, Chile, and Argentina in the top 15 countries globally for confirmed cases.
- Global increase in cases (daily) – Yesterday: 1.0%. Seven-day average: 1.3%
- Global increase in fatalities (daily) – Yesterday: 0.5%. Seven-day average: 0.8%
MNI DATA IMPACT: Japan Q2 GDP Falls; 3rd Straight Contraction – Japan's economy contracted for the third straight quarter in Q2, falling 7.8% q/q, or an annualized -27.8%, weighed by weak demand in the private sector as the coronavirus outbreak spread, preliminary GDP data released by the Cabinet Office Monday showed. 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 17. 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.