Archives of “Animal virology” tag

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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

China trade body says some customers have stopped accepting China metal products amid coronavirus outbreak

  
  Analysis
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China trade body: some customers in Russia, Turkey, Middle East and North Africa have stopped accepting deliveries of China metal products amid coronavirus outbreak

More:
  • some overseas customers, including from India, ask China metal firms to pay damages for failure to deliver products on time

Nikkei 225 closes lower by 0.14% at 23,827.73

  
Analysis, Global Indices
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Asian equities slip on renewed coronavirus concerns

Nikkei 13-02

The jump in the number of cases reported by Hubei here – owing to a reclassification – is causing investors to be a little unsettled to start the day, as concerns surrounding the coronavirus outbreak continue to persist.

That has seen risk trades take a bit of a hit, with Chinese equities on course to snap their seven-day rally; Shanghai Composite is down by 0.8% currently.
USD/JPY is lingering near the lows around 109.84 currently as Treasury yields are also marked lower with 10-year yields down 3.6 bps to 1.597% at the moment.

China’s Hubei province has reported 14,840 new coronavirus cases

  
  Analysis
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Big number of new coronavirus cases reported from the province. As of end Feb 12.

Wuhan is the epicentre of the epidemic, capital of Hubei
The authorities in Hubei have revised their diagnostic standard for coronavirus cases.
242 deaths on Feb 12
  • Death toll in the province now totals 1,310.
Risk trades taking a beating oin the news
  • CNH down
  • S&P 500 futures on Globex down
AUD/JPY ditto:
Big number of new coronavirus cases reported from the province. As of end Feb 12.

Moody’s weighs in on coronavirus economic impacts – could continue over next 3 quarters

  
Analysis, Economy
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Moody’s now:

  • says despite some turbulence, APC airports can weather coronavirus challenges
  • financial impact for APAC airports larger than suggested by passenger volumes at risk
  • says suggests travel between Asian destinations could be significantly affected over at least next 2-3 quarters due to coronavirus

Moody’s focused on airport/travel impacts – tourist movements are significant indeed in Asia (and elsewhere of course), business-related travel also.  There are significant flow-on effects from a reduced inbound flow of tourists, offset to some extent by locals otherwise taking holidays domestically.

S&P says coronavirus outbreak will cut 0.5% from Australia’s real GDP growth in 2020

  
Analysis, Economy
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The ratings agency a bit downbeat on Australia’s GDP, but on the bright side:

  • S&P says economic impact of coronavirus unlikely to negatively affect Australia’s sovereign rating
  • says short, temporary delay in balancing government budget unlikely to strain Australia’s creditworthiness

Fitch is on the lookout for coronavirus economic impacts – on trade, ports, output & more

  
  Analysis
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E’ryone seems to have chilled on the virus impacts on economies.

All it took was a bit of number juggling:
  • China has changed its definition of ‘confirmed cases’ in latest coronavirus guidelines
Fitch is not quite so mellow:
  • says global ports vulnerable to coronavirus-related volume declines
  • says decreased production in China because of extended work holiday & factory closures will affect import & export volumes in Q1 2020
  • some rated APAC ports will be affected if slowdown in trade is prolonged due to coronavirus
  • if more firms suspend Chinese operations or withdraw from production in China due to coronavirus shipping volume may take longer to recover
  • Middle East export volumes will be hurt by significant declines in Chinese demand for oil
  • reduced trade due to virus exacerbates effects of 2018-2019 trade barriers on US west coast port volumes in particular
  • rated Australian coal export terminals to see volume impact from prolonged slowdown in industrial activity in china due to coronavirus
  • US-China trade levels expected to pick up with phase 1 of trade deal may take longer to take hold due to virus-related production slowdown
E'ryone seems to have chilled on the virus impacts on economies.

More Powell testimony: Will see virus impact in data fairly soon

  
  Analysis
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More from chair Powell’s testimony in the Senate

  • we will see virus-infected data fairly soon
  • affects could be important in China
  • supply chains is an important issue.
  • Financial markets can also transmit a reaction to virus

Fed Powell concludes his testimony at 11:24 AM ET.

Overall, the comments were in line with yesterday’s testimony and really didn’t shed any new light that we don’t already know. Coronavirus major concern but it’s too early to tell. The Fed is in continue repo operations the 2nd quarter. The economy is in a good place.
US stocks have been waffling back and forth but moving back higher. The S&P index is just off the day’s high level as is the NASDAQ index. The Dow industrial average is a little further off the intraday record high levels

China Pres. Xi: Believes China will win battle against virus

  
  Analysis
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China’s Xi trying to stay positive in the face of the coronavirus outbreak

China Pres. Xi is on the wires trying to stay positive in the face of the coronavirus outbreak. He says:
  • Believes China will win battle against virus
  • China will complete economic and social targets that have been set
  • China will be more prosperous after battle against virus is 1
  • prevention and control work on coronavirus is having positive results

Hubei reports 2,097 additional coronavirus cases, death toll tops 1000

  
  Analysis
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The latest coronavirus news

The latest coronavirus news
Hubei province announces 2,097 additional coronavirus cases and an additional 103 deaths. That pushed the death toll above 1000.
The pace of news cases is slower than 2,531 a day ago.
In important related news, the Chinese National Health Commission has changed their definition of “confirmed case” in their latest guidelines. Starting from Sunday, those who have tested positive but have no symptoms will no longer be regarded as confirmed. This is in contrast to WHO guidance.
Since then, some provinces have been cutting totals.
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