JPMorgan sees Italy coronavirus cases peaking in seven days

JPMorgan said on Tuesday it expected 'active' coronavirus cases in Ita...

A man wearing a protective mask on an empty Rialto Bridge on Sunday with an unprecedented lockdown across of all Italy imposed to slow the outbreak of coronavirus, in Venice, Italy, March 15, 2020. REUTERS/Manuel Silvestri

LONDON - JPMorgan said on Tuesday it expected ‘active’ coronavirus cases in Italy to peak in the next seven days based on its internal models.JPMorgan defined net change in ‘active’ cases as new infections less the change in recovered patients less the change in deaths. The U.S. bank said for the European Union’s biggest countries — Germany, France, Italy, Spain and the UK — it expects active virus cases to peak by the end of March at close to 80,000 infections.

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