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News Article

44,022 Deaths, 395,489 Confirmed Cases

By Ricardo Guzman | Mon, 07/27/2020 - 21:41

Ministry of Health confirmed 342 new deaths from COVID-19 in the country recording one of the lowest figures in recent weeks, though the death toll climbed to 44,022 nationwide. Over 4,973 new cases since yesterday were also confirmed bringing the accumulated to 395,489 positive cases.

During today’s briefing Director of Epidemiology José Luis Alomía reported that there are 85,986 suspected cases and 442,884 patients who tested negative for the new virus. There are also an estimated 47,655 active cases, that is people who started with symptoms in the last 14 days and could transmit the virus, representing 11 percent of the total confirmed cases.

 

As of Monday, July 27

4,973     new cases (from yesterday)

395,489 confirmed cases nationwide

85,986   under investigation

44,022   deaths

 

Impact on markets (19.30 hrs)

US Dollar              MX$21.99            (-4.29%)

BMV IPC               37,742.14             (0.83%)

Dow Jones          26,584.77             (0.43%)

 

Mexico records largest trade surplus

After the COVID-19 economic crisis caused a greater drop in imports and an increase in food exports, Mexico unexpectedly registered its largest trade surplus in June, INEGI has reported. The gap between exports and imports widened to US$5.05 billion last month from a deficit of US$3.05 billion in May. Total exports fell almost 13 percent compared to the previous year, while imports decreased 22 percent. While agricultural products exports increased 32 percent in June, oil exports plunged 36 percent.

 

US dollar breaks MX$22 barrier 

The Mexican peso closed with gains against the US dollar on the first day of the week. The exchange rate ended operations at MX$21.99 against yesterday’s MX$22.27, Banxico reported. The Mexican currency broke the MX$22 barrier for the first time since June 10.

 

California is new hot spot

By registering more than 50,000 weekly infections for the fourth consecutive week, California is now the state with the highest number of positive COVID-19 cases and becomes the new center of the pandemic in the US, according to John Hopkins University. New York, which recorded the highest number of cases in the US for several months, has now completed two months with figures below 1,000 positive cases and 10 deaths per day.

 

WHO: COVID-19 is world’s worst global health emergency

The COVID-19 pandemic is by far the worst global health emergency, said the World Health Organization (WHO) head Tedros Adhanom Ghebreyesus. “COVID-19 has changed the world,” he remarked. The official noted that strict adherence to health measures, from wearing masks and avoiding crowds is the only way to face the pandemic. “Where these measures are followed, cases go down. Where they are not, cases go up,” he said praising Canada, China, Germany and South Korea for controlling their outbreaks.

 

Remittances forecast to drop

Remittances from migrant workers will fall 20 percent globally in 2020, increasing both external and growth risks in the main receiving countries, Moody’s has warned. The rating agency said global labor markets still need to recover from massive closings. “If the pandemic has a lasting effect on migration, an important source of income for households will be derailed,” Moody’s warned.

 

Alphabet Inc. goes home office until July 2021

Alphabet Inc. will keep its employees working from home until at least July 2021 considering how the COVID-19 pandemic evolving, the Wall Street Journal reported. CEO Sundar Pichai made the decision last week after a debate among an internal group of senior executives of the multinational conglomerate that operates Google.

 

Ricardo Guzman Ricardo Guzman Editor

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