Trial now
USDCAD TECHS

Watching The 50-Day EMA

AUDUSD TECHS

Bearish Focus

MONTH-END EXTENSIONS

Updated Barclays/Bbg Extension Estimates for US

US TSYS

Late Session Selling

US

Mayor of New York City Bill De Blasio has announced that schools will not reopen for in-person learning until September 21, with virtual lessons starting on September 16.

  • Comes a day after De Blasio suggested that indoor dining would not be allowed to resume at restaurants in the city until a vaccine was found.
  • New York state's new COVID-19 caseload remains very low by national standards. In the past week New York has averaged 626 new cases per day, the 23rd highest in the country. However, on a per capita basis, New York's case increase over the past 7 days has been the fourth lowest in the US , behind only Vermont, Maine and New Hampshire, three states with much lower populations and population densities than New York.

Chart 1 – New York COVID-19 Cases and Fatalities, Nominal and % Chg Day-to-Day (5dma)

Source: JHU, MNI. N.b. All data correct as of 0600BST September 1, and represents full-day data submissions, rather than intra-day figures. Each dot indicates the data from a single day.

MNI London Bureau | +44 203-865-0981 | tom.lake@marketnews.com