The novel coronavirus has infected more than 954,000 people and killed over 48,000 worldwide. However, will the number of COVID-19 cases continue to rise?
2 April 2020 | HYCM – The global caseload has started to show some signs of easing now. The seven-day growth outlook slowed down to about 107% towards the end of March from around a high of 123% on March 27. This data is taken from John Hopkins University. One issue here with the data below is that not all countries are testing as thoroughly as others.
Coronavirus cases set to rise
So for example in the UK all the people I know in my network displaying symptoms are told to self isolate at home and only contact the National Health Service (NHS) if symptoms worsen. Getting a true number on the number of COVID19 cases must be virtually impossible due to a lack of effective measurement. This is why the measurement of deaths may be the most helpful indicator of the spread of COVID19.
The number of COVID19 cases is set to rise above 1 million this weekend. As long as the cases keep rising then expect further equity sellers.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work. You should also consider whether you can afford to take the high risk of losing your money. For more information please refer to HYCM’s Risk Disclosure. Learn more about HYCM.