The Delta variant, SARS-CoV-2, is a highly contagious virus strain and was first identified in December 2020 in India. From there, it quickly spread to Great Britain, the U.S.A, and by July 2021, it had been detected in over 100 countries.
At the time of writing, the global Covid-19 infection rate was around 198 million, and a total of 3.8 billion vaccinations had been administered. According to the WHO, the number of cases has been rising in the last week, and the number of deaths in Africa also increased by over 80%.
The vaccine rollout has been fast-tracked, with WHO planning to set up a technology transfer hub for mRNA vaccines in South Africa. They aim to have at least 10% of each country’s population vaccinated by the end of September 2021.
Delta’s impact on markets
Major economies seem not to be too much affected by the Delta strain; however, economists believe that emerging markets could be more negatively impacted since the vaccine rollout has been much slower in those countries.
Nevertheless, US stocks took a bit of a dip as concerns about the virus scared investors. The Dow Jones lost 2.1%, Nasdaq 1.1% and the S&P 500 1.6% during trading on 19 July as the variant spread across the US. The FTSE 100 also lost 2.4%, with markets in Germany and France also declining.
Although the markets rebounded and US Tech stocks like Apple and Microsoft had good Q2 earnings, the major economies are still not back to normal.
How can you trade the markets?
Traders and investors are closely monitoring the pandemic’s impact since they have a vested interest in the markets.
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CAPEX.com offers multiple resources like an economic calendar and market news. In terms of education, CAPEX.com has a Learn to Trade section. This includes a trading academy that contains video tutorials on trading, which is suitable for newbie traders.
Their support staff is reachable via phone, email, and chat; they also provide contact details to their different branches.
The Covid-19 pandemic has left a mark on the world, including the financial markets. Although the global economy is recovering, the new virus strains are still a concern. CAPEX.com offers a wide range of benefits, resources, and tools to equip you with an excellent trading experience. The CAPEX WebTrader provides fast execution, as well as safe and secure functionality, much-needed features in this unpredictable economic climate.
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