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News Article

6,995 New Cases Set New Daily Record

By Ricardo Guzman | Wed, 07/08/2020 - 21:30

The Ministry of Health reported 782 new deaths from COVID-19, bringing the total to 32,796. According to the daily report, Mexico recorded its highest increase in positive cases in one single day with 6,995 new confirmations, bringing the national total to 275,003 since the pandemic started.

During today’s briefing Director of Epidemiology José Luis Alomía reported that the occupancy of general beds at the national level is 46 percent. Tabasco registers 86 percent occupancy, he said. ICU beds occupation in the whole country is at 37 percent.

Deputy Minister of Health Hugo López-Gatell said the epidemic in Mexico is slowing down and highlighted that resuming activities has not been reflected in a resurgence of the virus, although there is a risk that it will happen as it has in other countries. “The epidemic in Mexico is slowing down,” he said and confirmed that in Mexico City the pandemic has been on the decline for two weeks.

 

As of Wednesday, July 8

6,995     new cases (from yesterday)

275,003 confirmed cases nationwide

80,893   under investigation

32,796   deaths

 

Impact on markets (19.30 hrs)

US Dollar              MX$22.74            (0.29%)

BMV IPC               37,483.88             (-0.93%)

Dow Jones          26,067.28             (0.68%)

 

 

USMCA opens doors to more trade says AMLO

USMCA trade treaty will open Mexico to further trade opportunities, but first Mexico should take advantage of the regional partnership to secure cooperation and development in the recovery process of the COVID-19 pandemic, President Andres Manuel López Obrador said. “It is not a matter of closing ourselves to the world, but taking advantage of all the opportunities that the neighborhood offers. This treaty makes possible attracting investments from other parts of the hemisphere to our countries,” he said during his speech celebrating the signing of the new treaty at the Whitehouse. US President Donald Trump said the relationship between Mexico and the US has never been closer and noted that the USMCA trade is a historical achievement and the most important trade agreement signed by his country.

 

Mood among German investors drops

Given the crisis caused by the COVID-19 pandemic and changes in energy laws, the mood among German investors Mexico fell during June, with 76 percent of entrepreneurs reporting a reduction in their investment plans for the country. According to the Mexico-German Chamber of Industry and Commerce (CAMEXA), over 43 percent of its members said they will reduce their number of employees, 55 percent anticipate no adjustments and only 1.3 percent expect to increase more staff.

 

Brain damage investigated

A University College London (UCL) study warned of potential COVID-19 brain injuries, as new evidence suggests that the virus can lead to severe neurological complications. Scientists participating in the study described 43 cases of patients with COVID-19 who suffered from temporary brain dysfunction, strokes, nerve injuries and even delirium.

 

Mother's Day postponed again

Mexico City Head of Government Claudia Sheinbaum said Mother’s Day Celebration will be postponed for the second time. After being rescheduled for July 10 now it will be moved until the green traffic light is effective in the city. Sheinbaum highlighted the ongoing dialogue with the National Chamber of the Restaurant Industry (CANIRAC) to reschedule a new date. Shopping malls and department stores in the city reopened activities today after almost three months of being closed.

Ricardo Guzman Ricardo Guzman Editor