Mon, 07/13/2020 – 07:46
- US approves accelerated trials for 2 vax candidates
- Global COVID-19 cases top 13 million
- US deaths climb by fewer than 500 cases
- South Korea confirmed 62 new cases
- Hong Kong reported another 52 new cases
* * *
Update (0730ET): Yesterday, we groused about how US markets place so much faith in the many vaccine and therapeutic trials that are being carried out around the world. It seems that news of these trials, even when that news is entirely procedural, tends to send markets higher (however briefly).
Interesting this is driving mkt rally given this was widely expected after July 1st look at early data and recent comments from both CEOs.
— Julianna Tatelbaum (@CNBCJulianna) July 13, 2020
And now on Monday morning, it’s happening again, as a headline about the FDA granting fast-track approval to 2 vaccine candidates from Pfizer and German biotech BioNTech is sending futures higher in premarket trade.
* * *
It seems most of the popular tallies of coronavirus cases and deaths are in agreement that the US added only 59,017 (per JHU) or
58,147 (per Worldometer) cases on Sunday, the first day that the number of new cases fell short of 60k since early last week. Worldometer reported 3,414,042 cases at the end of day on Sunday, along with 137,784 deaths after 379 new deaths were confirmed.
While the number of new cases moved back below 60k, despite Florida’s record-smashing new-cases number from Sunday, the number of deaths recorded across the US dipped back below 500. So while the 7-day average for cases climbed to new all-time highs…
…the 7-day average for deaths ticked lower after hitting its highest level since mid-June.
The deceleration in the US helped ease yesterday’s global total, which was below the 200k for the first time in days.
Sunday’s numbers helped push the global case total to 13,049,461, moving above 13 million, the latest important psychological threshold.
Meanwhile, the number of new deaths was below 5k…
…bringing the global death toll to 571,812, as the global death toll draws inexorably nearer to 600k.
As the outbreak intensifies in Australia, China’s Ministry of Foreign Affairs and its embassy in Canberra on Monday have jointly advised Chinese citizens traveling to Australia to exercise caution. However, in addition to the resurgence in COVID-19, they also warned about “racism” and “anti-Chinese sentiment” as Beijing continues to punish Canberra for backing the US in its campaign against Huawei.
Australia, along with the US, is a part of the powerful “Five Eyes” intelligence partnership that China has been desperately seeking to compromise.
With its schools temporarily closed, Hong Kong reported another 52 new cases of coronavirus Monday, including 41 that were locally transmitted, health authorities confirmed. Tokyo just confirmed 119 new infections, sources tell Nikkei, with cases coming in below 120 for the first time in 5 days.
After crossing the 850k case threshold, cementing its status as the third-worst outbreak in the world behind the US and Brazil, India reported yet another record single-day jump in coronavirus cases, with 28,701 new infections reported in the last 24 hours. This brought India’s total to 878,254. The death toll, meanwhile, has climbed to 23,174, up 500 since Sunday morning. Meanwhile, South Korea confirmed 62 new cases, up from 44 a day ago, bringing total infections reaching 13,479, with 289 deaths.
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Author: Tyler Durden
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