• The US surpassed 3 million infections and the 2% increase was higher than the average daily increase of 1.8%.
  • California and Texas reporting surging cases and deaths.
  • Mexico reported its biggest daily jump in infections.

Bloomberg reported that the coronavirus cases in the US rose 59,655 from a day earlier to 3.02 million, according to data collected by Johns Hopkins University and Bloomberg News.

Key notes

  • The 2% increase was higher than the average daily increase of 1.8% over the past week. Deaths rose 0.8% to 131,857.
  • Florida reported 223,783 cases, up 4.7% from a day earlier, less than the verage increase of 5% in the previous seven days. Deaths reached 3,889, a 1.2% rise.
  • Arizona had 3,520 new cases, bringing that state’s total to 108,614, a 3.3% increase that was below the prior seven-day average of 4.1%.
  • Idaho cases rose 6% to 8,539, according to the data collected by Johns Hopkins and Bloomberg News.

Highlights

  • Mexico reported its biggest daily jump in infections, as the coronavirus pandemic ravages the Americas.
  • Tokyo’s government will subsidize bars and clubs that are forced to close because of the outbreak, a report said.
  • The US surpassed 3 million infections, representing more than a quarter of all cases globally, with California and Texas reporting surging cases and deaths.
  • Iran reported its deadliest day.
  • Tasmania has announced the state of emergency that was due to expire today will be extended until the end of August.
  • South Africa’s health minister warned of a scarcity of intensive-care beds.
  • Australian borders hardened even further - Queensland shuts out Victorians.
  • Tokyo reports 75 new coronavirus infections on Wednesday, down from 106 on Tuesday.
  • Britain’s finance minister unveiled a plan to save jobs, and cut taxes on property and dining out to stimulate spending.
  • Trump held the rally despite pleas from local authorities to delay because they were already seeing a rise in Covid-19 cases. 

Market implications

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