According to data released Sunday afternoon, the rate of increase of positive coronavirus tests has slowed markedly in Europe over the past day. The markets will surely scrutinize this data as it looks for clues that will ultimately help develop a bottoming process.
We noticed a general flattening of the growth rate curve in most of Europe over the past few days but the timing of the decline is both surprising and encouraging.
While the situation remains fluid and the data is subject to revision, if the numbers are sustained, we would expect subsequent data to begin to confirm the tipping point in Europe’s battle against COVID-19.
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