Daily Archives: August 25, 2020

Europe

According to the European Centre for Disease Prevention and Control, 21 European countries have crossed a key threshold of new coronavirus infections. Latest data showed that the countries have recorded cumulative 14-day infection totals higher than 20 per 100,000 inhabitants, considered an early alarm level by many health experts.
 

Source: European Centre for Disease Prevention and Control (data as of Aug. 24th)

 

Germany

#Germany's confirmed #coronavirus cases rise by 1,278 (v 711 yesterday) – RKI
*Link: https://t.co/LoHFnnUCU0 pic.twitter.com/toYnr40Rho

— Christophe Barraud (@C_Barraud) August 25, 2020

 

Spain

#SPAIN RECORDS 2,060 #CORONAVIRUS INFECTIONS IN 24 HOURS – BBG
*Link: https://t.co/LXG9UPxXtP pic.twitter.com/PrKv3C4I7J

— Christophe Barraud (@C_Barraud) August 24, 2020

Datos por comunidades 24/08/2020:

⚠️Desde el viernes 19.382 nuevos positivos!

– Evolución IA= Incidencia acumulada (indica cuantos casos, proporcional a 100.000 hab)
– Razón de tasas
– Situación global y número de casos, compara con IA de 7 y 14 días

Sigue hilo pic.twitter.com/lh9h1p8XTT

— ngb padel (@ngbpadel2) August 24, 2020

What do the #coronavirus data from August tell us about the new spread of the virus in #Spain? – El Pais
*Link: https://t.co/ni77IWyA8Y pic.twitter.com/sN6810M0gN

— Christophe Barraud (@C_Barraud) August 24, 2020

Spain’s experience offers a cautionary tale about how hard-won progress against the coronavirus pandemic can come undone https://t.co/fjBXOvsc8P

— The Wall Street Journal (@WSJ) August 23, 2020

 

France

#FRANCE REPORTS 1,955 NEW #CORONAVIRUS CASES IN PAST 24 HOURS (v 4,897 prior)
*Positivity Rate: 3.6%❗(v 3.6% prior).
*FRANCE CORONAVIRUS DEATHS RISE BY 15 (v 1 prior) TO 30,528: HEALTH MINISTRY
*Santé Publique France: https://t.co/bZLT3Rguuz pic.twitter.com/QAiEuCbRXz

— Christophe Barraud (@C_Barraud) August 24, 2020

 

Ital

#ITALY REPORTS 953 NEW VIRUS CASES MONDAY (V 1,210 prior)
*Link: https://t.co/KUR6CVKXRE pic.twitter.com/zG5nrkzXxz

— Christophe Barraud (@C_Barraud) August 24, 2020

 


 

Daily New Confirmed Cases (7-day moving average)


Source: Our World in Data

 

Daily New Tests (7-day moving average)

 

Positivity Rates (7-day moving average)

 

Daily New Confirmed Deaths (7-day moving average)

Americas

There were record highs for the S&P 500 and the Nasdaq to start off the week as investor confidence was buoyed by new steps taken by the FDA in the fight against the coronavirus pandemic. More here: https://t.co/MTJkdhjZzA pic.twitter.com/PIdgMDhOr6

— Reuters Business (@ReutersBiz) August 25, 2020

U.S., #China Signal Progress on #Trade Deal as Relations Fray – Bloomberg
*Statement: https://t.co/125aXan663https://t.co/aNpRCpM6ia

— Christophe Barraud (@C_Barraud) August 25, 2020

#Phaseone deal: 3 charts to gauge #Trump administration credibility:

"The parties also discussed the significant increases in purchases of U.S. products by China"

1/ My blog: https://t.co/SZHjBrS1kM

2/ Bloomberg: https://t.co/ikA9qq3vUx

3/ PIIE: https://t.co/TCjvxj3fJp pic.twitter.com/gGjnLICYb4

— Christophe Barraud (@C_Barraud) August 25, 2020

U.S. Treasury Department Provides Currency Valuation Assessment in Countervailing Duty Proceeding – Statement
*Link: https://t.co/UCSvRU2mdP pic.twitter.com/Yv2N2FT0m2

— Christophe Barraud (@C_Barraud) August 25, 2020

No Convention Bounce For Biden, Who Maintains Big Lead Over Trump – Politico Poll https://t.co/mBGQcr1QZw

— LiveSquawk (@LiveSquawk) August 24, 2020

Asia

Japan To Relax Ban On Foreign Residents Returning To The Country – FT https://t.co/GeGDx8sbZ2

— LiveSquawk (@LiveSquawk) August 24, 2020

Beach Holidays for Some in #China, Belt Tightening for Others – Bloomberg
*Link: https://t.co/iyZbq7x5ap pic.twitter.com/ymvrf4PcZd

— Christophe Barraud (@C_Barraud) August 25, 2020

Australia’s recession will extend into the third quarter, according to Commonwealth Bank of Australia. https://t.co/v7Y9BdQfrU

— Bloomberg Economics (@economics) August 25, 2020

India’s central bank will resume its Federal Reserve-style Operation Twist to calm rising yields https://t.co/tXNAKkRqoP

— Bloomberg Economics (@economics) August 25, 2020

Europe

#Europe #Covid_19: Daily Summary (August 25th)https://t.co/rTW3UYbcvp

— Christophe Barraud (@C_Barraud) August 25, 2020

Hungarian Prime Minister Viktor Orban caves to calls to relax his budget stance to fight the economic fallout of Covid-19 https://t.co/eAibYuLHuX

— Bloomberg Economics (@economics) August 25, 2020

ECB support wipes out stress over bank funding https://t.co/Qa0mb9bmqM

— FT Markets (@FTMarkets) August 25, 2020

#Apple | Monday’s close was 17% above the average price estimate, generally for the next 12 months, according to data compiled by Bloomberg.
*The gap was the widest in Apple’s favor since the average was first produced in 2011. pic.twitter.com/5GJll6xaWB

— Christophe Barraud (@C_Barraud) August 25, 2020

$AAPL speculative options activity is spiking into the stratosphere.

Will be fascinating to see how far this mania goes – maybe new records? I'll revisit this soon.

Remember: the blow-offs in '07/'12 led to collapses of 45-60% next 12M. Enjoy the ride, but don't forget gravity. pic.twitter.com/qZAYX317pS

— Macro Charts (@MacroCharts) August 25, 2020

US equities are now trading 12.5% above their 200DMA, the highest percentage since Jan ‘18. The MSCI US Index has only been 10% above the 200DMA 5X in the last 9Y (ex. today), making this a rather rare occurrence. Previous % deviations >10% resulted in a minimum correction of 5%. pic.twitter.com/w3CR9p9o8t

— Julien Bittel, CFA (@BittelJulien) August 25, 2020

Talk about a pair of alligator jaws! US Conf. Board Consumer Confidence: 84.8 vs. 93 exp. in Aug. Makes for a new cycle low YoY, down 49.4pts. A record disconnect w/ current equity valuations (market cap/GDP ratio). pic.twitter.com/7NX8ssWkLn

— Julien Bittel, CFA (@BittelJulien) August 25, 2020

Only 59% of S&P 500 members are trading >200d moving averages. That’s an unusually low number w/S&P 500 at a record high, BBG's Xie writes. The only comparable period was in late 1999 and early 2000, before the burst of the Internet bubble. pic.twitter.com/1EWo544lGh

— Holger Zschaepitz (@Schuldensuehner) August 24, 2020