Coronavirus updates from around the world, as of the morning of May 26: news are positive everywhere.
In the US, the number of new cases remain unpleasantly high at almost 20 thousand per day, but the number of deaths have become much lower, at about 1,000 per day.
In Europe, the overall situation is very good, especially since fatality has fallen to about 100 per day. However, the situation in the UK is quite opposite, since the country records mortality of about 120 per day. Nevertheless, the data is much better than the previous records of about 1,000. The situation in Brazil is also improving. New cases have reduced to about 13,000 per day, but it is still quite impossible to draw conclusions of a slowdown in just one day. Meanwhile, the situation in India is worrying, but the growth of new cases seems to have slowed down, amounting to below 7,000 per day.
Europe continues to actively open its economy. The process will intensify significantly in a few days, starting on June 1.
In Russia, a significant improvement in the situation is expected by June 3-5.
S&P 500 daily index.
The US market remains very high, supported by the injection of liquidity by the government and the Fed. However, the situation in the economy continues to deteriorate, and a significant drop in real estate sales, both in new homes and the secondary market, is expected. The decline is forecast to hit the entire construction sector. Problems in other sectors are also obvious: oil records a sharp drop in prices, the demand in the automotive industry remains low, and air transportation and tourism continues to suffer.
On the positive side, the US has the strongest and most effective programs to help the people against the crisis. 25 million US citizens have received unemployment benefits, which is set to support both the people and the economy.
However, the US market is still bound to fall.
The euro is signalling a bullish mood.
Open buy positions from 1.0855, and stop at a breakeven.
Stops can be moved to 1.0870, but open sell positions when quotes fall below 1.0869.
Buy positions may also be opened from 1.0915.
