• Over the last week, the world registered 1.8mn new COVID-19 cases (Chart 1), a weekly rise of 7%. Overall, 25.4mn cases have now been recorded, with deaths totalling 849,400. There are just twelve Coronavirus-free countries on earth – Palau, Micronesia, Marshall Islands, Nauru, Kiribati, Solomon Islands, Tuvalu, Samoa, Vanuatu and Tonga (Turkmenistan and North Korea are also on the list).
• On average, 25 new cases per 100,000 population were recorded across our sample over the last 7 days. Argentina reported the largest weekly rise in cases per 100,000 population (148), followed by Israel (140) and Colombia (131). New daily infections are rising fastest in Argentina (18.6%), Hungary (18%), Greece (17%) and India (16%). The largest weekly changes in 3d moving averages (Table 1) were in Hungary (575%), Portugal (84%) and Norway (67%).
• US coronavirus infections have now passed 6mn, with 5% of those recorded over the last seven days (290,000). The weekly change in 3d moving average (cases) is down 17%, and the same statistic for deaths is down a further 2% (Chart 2). The same figure is down 5% for deaths.
• Many European countries are seeing infection rates rise (Chart 3) and are now in the midst of a second wave. Our Scatter Chart shows that, for the majority of European countries, the 3d moving average (cases) is above the 50th percentile (bottom right quadrant). Notable statistics are:
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
