Coronavirus update US: Florida cases rise by 9,585, biggest daily increase since pandemic started

Eren Sengezer FXStreet

The number of confirmed COVID-19 cases in Florida increased by 9,585 on Saturday to post the biggest daily increase since the pandemic started, the state's health department announced, as reported by Reuters.

This development is likely to cause markets to remain risk-averse at the start of the new week, which could provide a boost to safe-havens such as gold and JPY while weighing on global stock indexes.

This week, the S&P 500 lost 2.85% and closed a little above the critical 3,000 mark. Moreover, the 10-year US Treasury bond yield fell 8.5% on a weekly basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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