'A true black swan' — stocks and oil slump as Wuhan coronavirus hammers markets
The deadly virus has infected more than 2,700 people, killed 80, and spread to at least a dozen countries.Traders work on the floor at the NYSE in New York Reuters Stocks and oil slumped and gold climbed on Monday as the rapid spread of Wuhan coronavirus spurred traders to seek haven assets. The virus has infected more than 2,700 people, killed 80, and spread to more than a dozen countries including the US, France, and Canada. "The problem is for most investors this is just not a risk event they are prepared for – a true black swan in the making," one analyst said. Visit Business Insider's homepage for more stories . Stocks and oil tumbled and gold climbed on Monday as traders scrambled to find havens amid the rapid spread of Wuhan coronavirus. The virus has infected more than 2,700 people and killed 80 . It has spread from Wuhan, China, to multiple Asian countries as well as the US, Canada, France, and Australia. Chinese authorities have locked down at least a dozen cities, restricting the movements of more than 40 million people, in a bid to stop the disease. Tourism and retail stocks that rely on Chinese demand dropped sharply. Shares in Burberry, cruise-giant Carnival, and British Airways-owner International Consolidated Airlines Group (IAG) fell by more than 4.5%. Meanwhile, demand for government bonds pushed 10-year US Treasury yields to their lowest level since October. "The virus has become deadly and it has caused a major panic in markets," Naeem Aslam, chief market analyst at AvaTrade, said in a morning note. "Shocks to the Chinese economy always have ripple effects and the commodity markets are deeply affected by it." The sudden, unanticipated nature of the virus could exacerbate its impact on markets. "The problem is for most investors this is just not a risk event they are prepared for – a true black swan in the making," Neil Wilson, chief market analyst for Markets.com, said in a morning note. However, other analysts argued the health crisis might help to calm frothy markets. "From a cold markets perspective the coronavirus might serve the purpose of taking some of the heat out of a market that has been rising rapidly for months," Jasper Lawler, head of research at London Capital Group, said in a morning note. Here's the market roundup as of 9:40 a.m. in London (4.40 a.m. in New York): European equities have dropped sharply. Germany's DAX Read more: Business Insider
Wuhan, the center of the coronavirus outbreak, is a major business hub - Business InsiderWuhan is home to factories of companies like Nissan, Honda, and General Motors, and the coronavirus outbreak could have a major economic impact. Teljesen átlagosan csetlik-botlik itt minden, és még minden csak pénz-szivattyú?!!!Az emberektől elszivattyúzzák a pénzüket, a zsebükbe a Természet ingyen javaiból készített termékkel?!!! are you looking for logo design exparts. please contact: That's what they get for eating cats, dogs, and wild animals but then they went out and spread it to the World.
Wuhan coronavirus will hurt Chinese economy, inflation, debt balance - Business InsiderChina planned to cool the property market and make sure too much debt didn't build up in the economy in 2020. The Wuhan Virus could ruin all that. lopezlinette We don’t need such authoritative regime to rule the world’s economy anyway. Unless China has changed its fundamentally flawed political system we should let China to dominate the world lopezlinette Consider the plight of the incarcerated Muslims... this is Xi’s opportunity to ethnically cleanse with an excuse .. not enough medical personnel and equipment TESLAcharts lopezlinette Unfortunately it might take so,e other economies with it.
Wuhan travelers are tracked by UK public health officials - Business InsiderMore than 30 people were reportedly tested by English public health authorities after cases of the virus were confirmed in Europe.
Chinese official: Protective mask and suit shortage Wuhan coronavirus - Business InsiderLocal governments have lauded the protective wear as a preventative measure, but there's been a tight strain on resources since the outbreak.
Transit going in and out of Wuhan, China is being shut down to contain coronavirus - Business InsiderPlanes, trains, ferries, and buses going in and out of Wuhan have been suspended since Thursday to contain the deadly coronavirus outbreak in China.
The World Health Organization should sound the alarm on Wuhan coronavirusAs the Wuhan coronavirus continues to spread around the world, the World Health Organization's decision to hold off on declaring the outbreak 'a public health emergency of international concern' is baffling, writes Michael Bociurkiw for CNNOpinion Opinion If you scroll down same story Twitter posted 31 minutes Opinion Thanx 4 the warning, WHO. Opinion