Archives of “February 2020” month

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Coronavirus – China’s Hubei province revises its total number of confirmed cases to 62,662

  
  Analysis
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China’ s Hubei province is the epicentre of virus outbreak,

  • revises up number of new cases on Feb 20 to 631 from 411 reported earlier on Friday
  • says total number of coronavirus cases in province revised up to 62,662 vs 62,442 previously
  • says revision in coronavirus cases includes 220 cases previously unaccounted for from province’s prison system

China says the coronavirus vaccine to be submitted for clinical trials around late April

  
  Analysis
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China Vice Technology Minister Xu says that the fastest a coronavirus vaccine to be submitted for clinical trials will be around late April

So, good news and bad news in that.
ps. China’s Global Times have now reported on that outbreak at a prison with 200+ cases reported.
  • Rencheng Prison
  • located in Jining City, Shandong Province
  • 207 new confirmed cases

AUD/USD on 0.65 big figure, first time in a decade

  
Analysis, Forex
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Australia is closely interlinked with China’s economy, and thus getting hit by the fallout of the outbreak

AUD/USD under 0.66 first time since 2009 with the news worsening on the coronavirus today, cases accelerating in South Korea. A freer media in South Korea reporting on cases is further cementing doubts about the veracity of the data on the virus impact out of China.
NZD taking a hit also
ps.  This from Goldman Sachs overnight:
  • “The number of ‘missing work days’ in China will be roughly equivalent to the entire US workforce taking an unplanned break for two months.”

China says to roll out more measures to stabilise trade

  
  Analysis

Comments by the Chinese commerce ministry

  • China will study more policies to further stabilise auto consumption
  • Also to lessen the impact of the coronavirus outbreak
China is continuing to reaffirm its commitment to bolster its economy during this period in time and more stimulus measures will only add fuel to the recent stock market rally.
In trading today, Chinese equities closed higher with the Shanghai Composite up by 1.8% while the CSI 300 index closed higher by 2.3%.

Coronavirus – China’s Global Times says “actual number of overall infections … unknown”

  
  Analysis
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Here is a piece ion China’s GT on what is going in Wuhan, the centre of the virus outbreak:

  • Wuhan was still confronted with a severe situation with slow progress. 
  • The actual number of overall infections in the city where the virus originated in December 2019 remained unknown; the number of reported cases in the city accounting for a large portion of total infections in China. 
  • And despite over three weeks of city lockdown, the human-to-human transmission still continued and many patients could still not be treated in time, according to medical experts and observers.
  • It’s time to sound horns for a full-scale mobilization of Wuhan people, 
Link here for more
Here is a piece ion China's GT on what is going in Wuhan, the centre of the virus outbreak:
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