Weekly

As of this morning, there are more than 1.04 million confirmed deaths worldwide, and the cumulative number of infected people in novel coronavirus is close to 35.33 million. In the United States, about 28,100 people were diagnosed with new pneumonia yesterday, and the cumulative number of infected cases exceeded 7.63 million, continuing to be the country with the largest number of infected cases in the world. The epidemic situation in Britain is also getting worse and worse. Last Saturday, for the first time, more than 10,000 people were infected in a single day, and the cumulative number of infected people exceeded 500,000. British Prime Minister Johnson warned that the new pneumonia epidemic may last until next spring, and stressed that the government is taking a balanced approach between saving lives and protecting the economy.

Less than a month before the US presidential election, it is unknown whether Trump will fully recover and return like a hero to change the temporarily backward polls. However, once his treatment is successful, it will certainly play a model role in treating SARS-CoV-2, and may put pressure on the US Food and Drug Administration, and the vaccine may be launched earlier.

In terms of economic data, the US GDP fell by 31.4% in the second quarter, which was the worst performance on record, while the employment data showed uneven performance. The number of people applying for unemployment benefits for the first time in the United States continued to decrease last week, and the unemployment rate in September also fell to the lowest 7.9% since March. The fly in the ointment is that the number of non-agricultural employment in the United States also slowed down in September, which failed to meet the overall employment atmosphere!

The US dollar index fell from a high level last week, and the gold price also rebounded from a low of 1848 US dollars per ounce. With the infection of US President Trump to novel coronavirus, it rose to the highest level of 1917 US dollars per ounce, and finally closed at 1900 US dollars per ounce, rising by 38 US dollars a week.

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