Worldwide coronavirus cases surpass 35.6 million with over 1,045,000 official deaths.
New Zealand will ease coronavirus levels in Auckland back to level 1 in line with the rest of the country later this week. New Zealand has had no new viruses since September 25th with only 34 cases in managed isolation and no-one currently receiving care in hospital.
- President Trump was admitted to hospital late Friday to Walter Reed National Military Medical Centre after contracting coronavirus, it’s unsure how crook, but now looks to be well enough to be discharged over the coming days
- The US Economy added 661,000 jobs in September compared to the 900k we were expecting. However, the employment rate dropped sharply to 7.9% from 8.4% in August, a fantastic result and signs the US economy is starting to recover from the devastating economic effects of coronavirus.
- UK Prime Minister Boris Johnson and Von der Leyen extend Brexit negotiations by a month after justifying they are far enough through the process of obtaining an agreement to push ahead after getting closer on common ground contentious issues recently
- ANZ Consumer Confidence Index for September fall from 100.2 to 100.0, with additional lockdowns recently this has added to decreased spending
- Fed’s Mester expects US unemployment to end the year around 7-8% range but reiterated the economy was still in a “deep hole” dependant on coronavirus
- US Manufacturing Index historically has been the best economic barometer to gauge the stability of the US economy, figures just released showed figures for September were a little soft dipping to 55.4 from 56.5 consensus. This is however still a strong reading generally with anything printing over 50.0 offering expansion.
- ECB’s Lagarde has indicated the ECB will add more easing if necessary