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May 24, 2021, 7 tweets

Globally, Covid cases have fallen since a terrifying peak last month.

It is too soon to declare victory, but the current trend is encouraging trib.al/wJUg2W2

🇪🇺The European Union suffered a nasty new wave of cases in early spring.

The trend is now emphatically lower as its vaccine rollout gathers pace trib.al/wJUg2W2

🇮🇳It looks as though that outbreak in India has peaked, even if the number of people falling ill remains appallingly high trib.al/wJUg2W2

🇺🇸In the U.S., the trend in new infections remains clearly downward — infections haven't been this low in 11 months — even if the disease is still far from being eradicated trib.al/wJUg2W2

🇬🇧In Britain, hit by the first significant variant of Covid but then the first big country to roll out the vaccine into the population, the disease also appears to be under control trib.al/wJUg2W2

🇹🇼For one discordant note, Taiwan is in the grip of its first outbreak.

That said, note the scale on this chart; its worst day to date has seen 700 new cases, a tiny number compared to the pain endured in other countries trib.al/wJUg2W2

What does that all mean for markets? @johnauthers explains trib.al/wJUg2W2

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