Global Markets: Global COVID-19 cases rise by over 183,000

By MarketsFarm

WINNIPEG, June 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

Cases of COVID-19 increased by 183,000 in a 24-hour period, which was a new record. The worldwide total is nearing 9 million, though at least 4.4 million people have recovered. South Korea is battling a second wave of infections, and World Health Organization leader Tedros Adhanom Ghebreyesus said “the pandemic is still accelerating.”

According to official reports, fewer than 6,200 people attended United States President Donald Trump’s campaign rally in Tulsa, Oklahoma. However, the Trump campaign disputes this number, and believes attendance to be closer to 12,000. The campaign anticipated 100,000 attendants, and planned an additional outdoor stage to address the overflow crowd.

Oil prices have edged lower as market participants anticipate a global second wave of COVID-19. Dr. Gabriel Leung, an infectious disease expert, said the second wave is a “statistical certainty,” though lockdown measures have eased around the world.

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