Categories: Market Overview

The “first wave” of the pandemic will end on August 4: Russia’s virus cases rise above 10,000; Italy could ease lockdown soon

Global cases: More than 1,511,104 Global deaths: At least 88,338 Most cases reported: United States (429,052), Spain (148,220), Italy (139,422), France (113,959), and Germany (113,296).

Russia has reported a record one-day rise of 1,459 new cases of coronavirus Thursday, making the total number of confirmed cases to 10,131. The number of coronavirus-related deaths rose by 13 to 76, the national coronavirus crisis response center said, adding that it had conducted 1 million tests.

Italy could look to ease some of its stringent lockdown restrictions at the end of April, the country’s prime minister has said, once again calling on Europe to help the country at the epicenter of the continent’s outbreak. It comes as Italy looks to have overcome the worst in terms of daily infections and deaths from the coronavirus, but recent hopes of a peak elsewhere in Europe have been dashed in recent days. Prime Minister Giuseppe Conte said Wednesday that the national lockdown in Italy, in place since March 9, could only be eased gradually.

Britain will be hit harder by the coronavirus crisis than any other European country, researchers have predicted, with the U.K. expected to see more than 60,000 deaths from COVID-19.

New research from the Institute for Health Metrics and Evaluation (IHME), published Monday with a correction issued on Tuesday, forecast a total of 151,000 deaths across Europe during the “first wave” of the pandemic, which scientists predict will end on August 4.

According to the analysis, Britain was expected to reach its peak daily death rate on April 17, when researchers predicted there would be a total of 2,932 deaths in one day. The country was on a trajectory that would result in a total of 66,314 deaths by August 4, scientists concluded.

Coronavirus live updates: Russia’s cases rise above 10,000; Italy could ease lockdown soon, CNBC, Apr 9

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This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

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