• After the long weekend, we can look at some of the higher-level trends:
○ In terms of cases per capita: Spain, Switzerland, Italy, France, and the US are top five amongst the major DM countries.
○ In terms of deaths per capita: Spain, Italy, France, UK and Switzerland are the top five. This means that the case fatality rate is lower in the US than the UK (which implies more testing in the US).
○ As for EM cases per capita: Israel, Iran, Czech, Singapore and UAE are the top five.
○ But for deaths per capita: Iran (by far), Turkey, Czech, Israel and Hungary. These numbers are all lower than for DM.
• As for weekly changes:
○ In DM, the UK and Japan are seeing increasing daily cases, the US and Italy appear to be in holding patterns, while the rest of DM are seeing decreasing daily cases (Chart 1). As for daily deaths, the UK is also seeing increasing deaths, as are US, Canada and Sweden, while the rest are seeing fewer daily deaths (Chart 2).
○ Within EM, Singapore, India, Indonesia, and interestingly China are seeing more daily cases in Asia; Hungary, Russia, Saudi, Turkey and UAE are seeing more in EMEA and most of Latam are seeing increasing cases.
Confirmed Cases
US States
Developed Countries
Emerging Countries
Deaths
Developed Countries
Emerging Countries
Detailed Tables
US States
Developed Countries
Emerging Countries
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)