The latest coronavirus statistics confirm that the Delta covid variant firms up its grips over the global economic recovery, which in turn weighs on the risk barometers like the S&P 500 Futures and Antipodeans.
Reuters quotes China’s National Health Commission while saying, “China reported on Thursday 26 new confirmed coronavirus cases in the mainland for Aug. 25, compared with 20 a day earlier.”
On the other hand, New Zealand reports the record jump in the daily covid cases while marking 68 new cases of the virus, per Reuters.
It’s worth noting that Australia’s most populous state New South Wales (NSW) reports the record jump in daily infections with 1,029 cases, fueling the national count well above 1,100 to mark a new all-time high, unfortunately.
Other than the jump in the Asia–Pacific covid numbers, news that Britain says no decision yet on COVID-19 vaccine for 12 to 15-year-olds, published by Reuters, also weighs on the market sentiment.
Read: Gold Price Forecast: XAU/USD flirts with 50-DMA ahead of Jackson Hole, US data
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD touches two-week high after RBA meeting minutes
AUD/USD attracts buyers for the fifth straight day on Tuesday and climbs to a nearly two-week low following the release of RBA minutes, which indicated that the May meeting would be an opportune time to reconsider reacting to potential risks. This, along with a positive risk tone, acts as a tailwind for the Aussie.
USD/JPY trades with positive bias above 143.00; upside potential seems limited
USD/JPY gains some positive traction on Tuesday and now seems to have snapped a three day losing streak to a multi-month low touched last week. The upbeat market mood undermines the safe-haven JPY and lends support amid a modest USD uptick.
Gold price holds steady above $3,200; remains close to all-time peak
Gold price trades above the $3,200 mark following the previous day's modest pullback from a fresh record high as the escalating US-China trade war continues to underpin the safe-haven bullion. Moreover, the Fed rate cut bets lend support to the XAU/USD.
US Homeland Security probes Anchorage digital bank amid Blackrock custody expansion
US Homeland Security’s “El Dorado Task Force” is investigating Anchorage Digital Bank for potential financial misconduct. Anchorage previously faced regulatory action for BSA/AML compliance failures.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.