Coronavirus concerns stall momentum as New Year celebrations begin

Jan 24 03:01 2020 Print This Article

 

Death toll rises

The latest news out of China reports that 10 cities in Hubei province (where Wuhan is situated) have suspended some public transport as the number of victims falling to the virus has risen to 25 with a total of 830 other cases reported as at yesterday. China press has reported that work has started on building a new hospital in Wuhan to deal with the escalating virus. It should be completed in six days!!

 

A time to celebrate?

With parts of Asia already starting to celebrate the Lunar New Year and others approaching some extended breaks, the activity in the markets was noticeably muted during this morning’s session. US indices edged marginally higher though the concerns about the spreading coronavirus prevented any significant gains. Wall Street indices registered only gains of between 0.03% and 0.09%.

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Established in 2006, MarketPulse is a free news site that provides full-time coverage of the world's largest financial markets, focusing on forex, commodities, and global indices research and analysis. Armed with a global team of securities analysts and strategists, Market Pulse provides timely, accurate, and informative research on major macroeconomic trends, technical analysis, and worldwide events that impact different asset classes and investors.

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