After having recorded 19 consecutive days of daily cases below 1,000 in a stretch from the end of June, Germany has reported over 1,000 new daily cases in 10 of the last 11 days with total active cases now rising to ~17,800 – the highest in nearly a month.
A positive takeaway is that the 7-day incidence rate remains relatively low at 13.2 and roughly over 48% of the population has already been vaccinated.
If you add the total virus cases since last year, that’s just over 50% of the population who has either been vaccinated or have contracted the virus once beforehand.
Still, the numbers here are a barometer of risk sentiment when dealing with fears surrounding the delta variant. And with US cases set to see an uptick, a turnaround in the trend in Europe may yet unsettle market participants in the weeks/months ahead.