Coronavirus update: Beijing’s new cases tick higher; US virus situation remains grave
|According to China’s National Health Commission (NHC), Beijing city reports 13 new coronavirus cases as of end-June 24 vs. 7 cases reported a day earlier.
Further details
China reports 19 new coronavirus cases in the mainland as of end-June 24 vs. 12 a day earlier.
China reports 5 new imported coronavirus cases in the mainland as of end-June 24 vs. 3 a day earlier.
China reports 1 new asymptomatic coronavirus cases in the mainland as of end-June 24 vs. 3 a day earlier.
Total of 83,449 confirmed coronavirus cases in the mainland as of June 24.
Meanwhile, the US had its largest single day total of new COVID-19 cases on Wednesday with over 36,000. the previous high was April 25 with 24,203, as cited by the Chinese news outlet, CGTN.
Nevada Governor signed an order to require face masks to be worn in public late Wednesday. Texas Governor said that there is a massive virus outbreak sweeping the state.
Citing economists, the LA Times reported that California is unlikely to recover to its pre-coronavirus prosperity over the next three years.
Market reaction
The risk sentiment is somewhat improving in Asia following the blood bath on Wall Street overnight despite the downbeat virus status coming in from Asia-Pacific.
S&P 500 futures have flipped to mild gains above 3050 while the Japanese stocks are off their daily lows.
AUD/USD is challenging highs near 0.6875 as USD/JPY struggles to extend gains above 107.00.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.