[global epidemic tracking] US agencies predict that the number of new crown deaths in Brazil will exceed 120000 * New Zealand expects GDP to fall by nearly 10 per cent this year.

Published: May 27, 2020 09:46 (GMT+8)

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[global epidemic tracking] GDP fell 1.8% in the first quarter of the OECD * US institutions predict that the number of new crown deaths in Brazil will exceed 120000 * the British prime minister has visual impairment after infection * the Chicago options Exchange plans to reopen the Chicago trading floor * the ECB may increase the size of the anti-epidemic emergency bond purchase program by 500 billion euros * Japan provides 140 trillion yen support for companies * Nokia shuts down South India. Ministry of factories * some shopping malls in Colombia are allowed to resume business on a trial basis * New Zealand expects GDP to decline by nearly 10% this year * Turkey will resume high-speed rail operation from May 28th.

SMM5, March 27: at present, the cumulative number of confirmed cases of new crown pneumonia in the world has exceeded 5.676 million, of which the cumulative confirmed cases of new crown pneumonia in the United States has exceeded 1.725 million, while the Brazilian Minister of Health said that the curve of confirmed cases of new crown pneumonia is still growing. Brazil's deputy minister of economy said that the possibility of extending any emergency measures would not be ruled out, but financial capacity must always be closely monitored.

Today's focus

[latest Global epidemic situation] Worldometers world real-time statistics show that as of 07:12 on May 27th, the cumulative number of confirmed cases of new crown pneumonia worldwide exceeded 5.676 million, reaching 5676413, and the cumulative number of deaths exceeded 351000, reaching 351590. The cumulative number of confirmed cases of new crown pneumonia in the United States is the largest in the world, with more than 1.725 million cases, reaching 1725113 cases, and cumulative deaths exceeding 100000 cases, reaching 100539 cases.

[the latest epidemic in the United States: the cumulative number of confirmed cases of new crown pneumonia in the United States has exceeded 1.725 million] according to Worldometers world real-time statistics, as of 07:12 on 27 May, the cumulative number of confirmed cases of new crown pneumonia in the United States exceeded 1.725 million, reaching 1725113, and the cumulative number of deaths exceeded 100000, reaching 100539.

[GDP fell 1.8 per cent in the first quarter of the OECD after the financial crisis] preliminary economic data from the Organization for Economic Cooperation and Development in the first quarter of 2020 showed that due to the impact of the new crown pneumonia epidemic, the sum of real (GDP) of OECD member countries fell 1.8 per cent in that quarter, the worst decline since the global financial crisis in 2008.

[Chicago options Exchange plans to reopen the Chicago Board of Trade on June 8] the Chicago options Exchange (CBOE) will reopen its trading floor in Chicago on June 8. The exchange will resume trading in an adjusted manner. The layout of the trading floor will be adjusted to maintain social distance and capacity limits. In addition, facial shields are required, and the exchange says it will have a health check at the entrance to the building. About 50 per cent of participants on the trading floor are expected to return on June 8, CBOE said.

[us research institutions predict that the number of deaths from new crown pneumonia in Brazil will exceed 120000.] according to the new (IHME) model of the Institute of Health indicators and Evaluation of the University of Washington in the United States, the number of deaths from new crown pneumonia in Brazil is expected to reach 125000 by early August. The agency had expected more than 134000 deaths in the United States by August. Figures from Brazil's Ministry of Health on May 25th show that the number of deaths in the country has reached 23473.

[British Prime Minister's eyesight is impaired after infection: I wear glasses for the first time in years] on May 25, British Prime Minister Boris Johnson revealed that his eyesight had deteriorated after being infected with the new crown virus and needed to wear glasses for the first time in years. However, WHO has not listed impaired vision as one of the symptoms of infection with the new crown virus. On March 27th, Johnson announced that he was infected with the virus and was taken to the ICU ward because of his serious condition. His father, Stanley Johnson, once said that his son almost sacrificed himself for the collective.

With the inflation outlook substantially weakening and the EU's fiscal deficit increasing, HSBC expects the ECB to announce an expansion of 500 billion euros in (PEPP) at its policy meeting on June 4, and may announce refinancing when bonds mature. The ECB is unlikely to cut interest rates further. Fabio Balboni, senior economist at HSBC, said the minutes of the ECB meeting in March showed that there were still concerns about the negative impact of further negative interest rate cuts, and some members of the ECB board believed that asset purchases were a more effective option to stabilize risk-free interest rates.

The latest situation of the global epidemic:

(source: Sina)

China

National Health Commission: from 0 to 24:00 on May 26, 31 provinces (autonomous regions, municipalities directly under the Central Government) and Xinjiang production and Construction Corps reported 1 new confirmed case, an imported case from abroad (in Shanghai), no new death, and 1 new suspected case. It's an imported case from abroad (in Fujian).

The United States

Trump said the governor of North Carolina is needed to make a quick decision to restart the economy.

House Speaker Nancy Pelosi: Republicans will "come" after the next epidemic aid, hoping to fund more student loans in the next aid program.

New York Governor Cuomo: the government will now focus on reopening New York City, the only state that is still under blockade.

Korea

There were 40 new confirmed cases of new crown pneumonia in South Korea, with a total of 11265 confirmed cases. There were no new deaths and a total of 269 deaths.

Japan

Japanese Prime Minister Shinzo Abe: two rounds of supplementary budget spending totaled 120 trillion yen, with the stimulus package totaling 230 trillion yen.

It will provide 140 trillion yen in financial support for enterprises.

[Japanese media: Japan plans to spend more than 30 trillion yen in its second supplementary budget] Japan plans to spend more than 30 trillion yen in its second supplementary budget, more than the first economic plan to deal with the coronavirus epidemic, the Yomiuri Shimbun reported. It will be financed by the issuance of 30 trillion yen in new bonds; the economic impact of the measures is estimated to exceed 100 trillion yen, and the package includes subsidies for local governments and rent subsidies for small businesses.

Other regions

[Nokia closes factories in southern India: or at least 42 employees are infected with the new crown virus] according to foreign media, Nokia announced on Tuesday that it temporarily closed its telecom equipment production plant in southern India last week because some employees tested positive for the new crown virus. Nokia did not say how many workers at the factory tested positive for the new crown virus, but sources said at least 42.

The cumulative number of confirmed cases of new crown pneumonia in Mexico increased to 74560, and the cumulative number of deaths increased to 8134. The number of new deaths of new crown pneumonia in Mexico reached a record high in a single day, increasing by 501 to 8134.

[a total of 23003 confirmed cases of new crown pneumonia in Colombia, some shopping malls were allowed to resume business on a trial basis] the Ministry of Health of Colombia announced on the 26th local time that there were 1022 new confirmed cases of new crown pneumonia on the same day, and a total of 23003 confirmed cases and 776 deaths nationwide. Although the epidemic is still spreading, in Medellin, Colombia's second largest city, three shopping malls are allowed to resume business on a trial basis from this week, and the rest can resume business from June 1. According to epidemic prevention requirements, cinemas and restaurants in the shopping malls will continue to be closed.

[Canada's daily increase in confirmed cases of new crown pneumonia has dropped to less than 1,000, totaling 86647.] according to the statistics on the epidemic situation of new crown pneumonia released in various provinces and regions of Canada on the 26th, as of 18:00 local time (eastern time) on the 26th, the number of confirmed cases of new crown pneumonia in Canada has dropped to less than 1,000 for the first time since the end of March, and the cumulative number has now reached 86647. There were 94 new deaths, totaling 6639.

[the latest epidemic in Singapore: a total of 32343 confirmed cases] the Ministry of Health in Singapore released epidemic data on May 26th, showing that there were 383 new confirmed cases in Singapore, with a total of 32343 confirmed cases. A total of 23 deaths were reported.

[the latest epidemic in Australia: a total of 7133 confirmed cases] according to the latest statistics from the real-time data update website Worldometers, the cumulative number of confirmed cases of new crown pneumonia in Australia is 7133, the cumulative number of deaths is 102, and the cumulative cure is 6553.

Brazilian Deputy Minister of economy: the possibility of extending any emergency measures cannot be ruled out, but fiscal capacity must always be closely monitored.

Brazilian Minister of Health: the curve of confirmed cases of new crown pneumonia is still growing.

The total number of confirmed cases of new crown pneumonia in Brazil reached 391222, compared with 374898 the day before. The total number of deaths reached 24512, compared with 23473 the day before.

National response measures and related impacts

The Fed of New Zealand expects GDP to fall by nearly 10 per cent this year, the biggest drop in at least 160 years. The bank said rising unemployment would put financial pressure on some families, which could be exacerbated by falling house prices.

British Health Secretary Hancock: Britain will impose a blockade in areas where the epidemic has rebounded in the future.

Central Bank of the Philippines: the economy will gradually show a U-shaped recovery.

South African President Ramafosa: South Africa will allow religious activities from June 1, but must be limited to 50 people.

[Turkey resumes high-speed rail operation from May 28] on May 26 local time, Turkish Minister of Transport and Infrastructure Adil Karaismelo said that high-speed rail suspended due to the epidemic will partially resume operation on May 28. Earlier this month, Turkish President Recep Tayyip Erdogan announced that he would gradually relax restrictions and return to normal life from May to July. On May 11, Turkey gradually opened shopping malls, barber shops, beauty salons and so on. In May, the number of Turkish provinces that imposed travel bans also fell from 31 to 15.

[the largest airline since the new crown epidemic crisis went bankrupt] shares in (LATAM Airlines), the largest airline in Latin America, plunged 51% in intraday trading after the company filed for bankruptcy.

[Fed of New Zealand warns banks' ability to absorb the impact of the epidemic is not unlimited] the New Zealand Fed has warned that the new crown virus pandemic poses great challenges to domestic financial institutions, which could be under pressure from corporate failures and loan defaults. In its semi-annual financial stability report released on Wednesday, the Federal Reserve of New Zealand said that although the financial system was in good shape at the time of the outbreak, but "the ability to absorb shocks is not unlimited" and that "if the decline in economic activity is more severe or lasts longer than expected, then bank capital may be under pressure."

Venezuelan President Maduro: Venezuela will partially restart measures on June 1.

Central Bank of Canada Governor Borroz: if fiscal policy is not adopted, extreme situations may occur.

Negative interest rates are needed only in extreme cases.

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