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World AP Week in Pictures, Latin America & Caribbean

03:22  23 may  2020
03:22  23 may  2020 Source:   msn.com

Coronavirus: air transport broken down, LATAM will remove posts

 Coronavirus: air transport broken down, LATAM will remove posts © Rafael Luiz Canossa / Creative Commons Porto Alegre airport in Brazil (illustration): LATAM is in difficulty due to the Covid-19 pandemic. All airlines are suffering from traffic restrictions due to the Covid-19 pandemic and in Latin America, later affected, LATAM-Airlines, born from the merger of the Chilean LAN and the Brazilian TAM, announces a plan to cut 1,400 jobs. It is the first airline operating on the South American continent.

Photographers in Latin America and the Caribbean . It was curated by AP photo editor Anita Baca in Mexico City. Follow AP visual journalism

Photographers in Latin America and the Caribbean . It was curated by AP photographer Jorge Saenz in Paraguay.

Stocks closed little changed Friday as investors capped a strong week of gains amid optimism around a potential coronavirus vaccine and the U.S. reopening its economy.

The S&P 500 rose 0.2% to 2,955, while the Dow slipped 8 points to 24,465. The Nasdaq outperformed, rising 0.4% to 9,324.

For the week, Dow gained 3.3% to post its best weekly performance since April 9. The S&P 500 and Nasdaq also rose more than 3% this week. The Russell 2000, which tracks small-cap stocks, trounced the large-cap indexes this week with a more than 7% jump.

Coronavirus: update on the pandemic in the world

 Coronavirus: update on the pandemic in the world © PHILIPPE DESMAZES Walkers on the shore of Lake Annecy, in the south-east of France, May 17, 2020 New assessments, new measures, highlights: one point on the latest developments in the Covid-19 pandemic around the world. - Nearly 312,000 dead - The pandemic of the new coronavirus has killed at least 311,959 people worldwide since its appearance in December in China, according to an assessment made Sunday by AFP from official sources.

This photo gallery highlights some of the most compelling images made or published by Associated Press photographers in Latin America and the Caribbean . The gallery was curated by AP photo editor Tomas Stargardter in Mexico City. Follow AP visual journalism

Photographers in Latin America and the Caribbean . It was curated by AP photo editor Leslie Mazoch in Mexico City. Follow AP visual journalism

News about a potential vaccine from Moderna sent equities flying earlier in the week, with the Dow surging more than 900 points on Monday. Moderna said all 45 participants in its vaccine trial had developed coronavirus antibodies. Reuters reported, citing scientists leading the program, the U.S. is working on a effort involving more than 100,000 volunteers to test promising vaccine candidates.

“This week started off really strong and put us on a good trajectory,” said Matt Stucky, a portfolio manager at Northwestern Mutual. “There’s an increasing probability that something more permanent in nature is going to fix the problem, and that should be discounted in a positive way.”

On Friday, Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, told NPR that Moderna’s vaccine data looks promising. Moderna shares rose more than 2% on those comments.

European landmarks reopen but virus hits hard elsewhere

  European landmarks reopen but virus hits hard elsewhere Major landmarks including Saint Peter's Basilica and the Acropolis in Athens reopened Monday as Europe accelerated its lockdown easing, but mounting coronavirus infections in Brazil, India and South Africa showed the worst is still to come in many countries. The relaxation of curbs in Europe comes as governments walk the tightrope of struggling to repair the vast economic damage unleashed by the pandemic while preventing new infections that would force another round of restrictions.

Nurses gather in front of the National Museum holding placards with the names of their colleagues who died in their fight against the new coronavirus pandemic, during a protest marking International Nurses' Day, in Brasilia, Brazil, Tuesday, May 12, 2020. ( AP Photo/Eraldo Peres).

Photographers in Latin America and the Caribbean . It was curated by AP photo editor Leslie Mazoch in Mexico City. Follow AP visual journalism

Fauci later told CNBC’s “Halftime Report” he is enthusiastic about the economy reopening.

“We can’t stay locked down for such a considerable period of time that you might do irreparable damage and have unintended consequences, including consequences for health,” Fauci said. “It’s for that reason that the guidelines have been put forth so that the cities and states can start to reenter and reopen.”

Retailers such as TJX and Gap were among the best-performing stocks this week, bolstered by optimism over states reopening their economies. TJX rallied 13.2% for the week while Gap advanced 8%. Citigroup, JPMorgan Chase and Wells Fargo all climbed more than 3% this week.

“The future remains uncertain, and thus we are not confident in saying a second wave cannot happen -- but the good news, there has yet to be a second wave in re-opened economies,” said Tom Lee, the founder and head of research at Fundstrat Global Advisors. “We remain in the half-full camp and believe stocks offer pretty good risk/reward, even here.”

China's Didi will begin using AI to run virus monitoring in Latin America

  China's Didi will begin using AI to run virus monitoring in Latin America HEALTH-CORONAVIRUS/DIDI (PIX):China's Didi will begin using AI to run virus monitoring in Latin America

This photo gallery highlights some of the most compelling images made or published by Associated Press photographers in Latin America and the Caribbean . The gallery was curated by Associated Press photojournalist Esteban Felix in Santiago, Chile.

Photographers in Latin America and the Caribbean . It was curated by AP photographer Arnulfo Franco in Panama. Follow AP visual journalism

Enthusiasm over a coronavirus vaccine and the economy reopening was kept in check Friday, however, as tensions between China and the U.S. rose.

Overnight, China released draft legislation over new national security measures on Hong Kong after last year’s burst of anti-government protests in the city. That law is expected to increase Beijing’s hold over Hong Kong. China also opted against setting a GDP target for 2020 as the coronavirus batters the second-largest economy in the world.

That proposal was unveiled after the Senate passed a bill earlier in the week that would potentially delist Chinese stocks from U.S. exchanges.

Ed Mills, Washington policy analyst at Raymond James, said the bill is moving at “warp speed,” noting: “We believe there will be a significant push for the legislation to be taken up in the coming weeks, and we believe it is only a matter of time before this bill (or something similar) is signed into law.”

The S&P 500 ended the week about 35% above an intraday low set on March 23.

Brazil, Chile, Peru: sudden increase in the number of Covid-19 cases in South America .
© Copyright 2020, L'Obs The coronavirus epidemic continues to progress in South America. The spread "accelerates" in Brazil, Peru and Chile, warned on Tuesday May 26 a regional agency of the World Health Organization (WHO), calling on these countries not to relax the measures intended to slow the contamination .

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