Archives of “Canine coronavirus” tag

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HK media: There may be no immunity against Covid-19, new Wuhan study suggests

  
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South China Morning Post  with the sobering news from a study at the epicentre of China’s coronavirus outbreak earlier this year.

The newspaper cites new research on antibodies by Chinese and American scientists, which concludes that humans may never develop immunity against Covid-19
  • study focuses on whether hospital workers in Wuhan who were directly exposed to infected patients at the early stage of the outbreak had developed antibodies
  • “People are unlikely to produce long-lasting protective antibodies against this virus,” the researchers concluded in a non-peer-reviewed paper posted on preprint website medRxiv.org
South China Morning Post  with the sobering news from a study at the epicentre of China's coronavirus outbreak earlier this year.

Novavax will begin human testing of its coronavirus vaccine …in Australia

  
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Novavax says it has begun enrolling participants in first human study of its coronavirus vaccine

  • The company says it’ll test vaccine safety, immune responses in about 130 healthy adults in Australia
  • expects initial results in July
  • to expand study to US if promising

The big problem I see here is how to begin the pump and dump scheme if NASDAQ is closed for the holiday?

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Novavax is a US vaccine development company.

Novavax says it has begun enrolling participants in first human study of itscoronavirus vaccine

Italy coronavirus cases are inflated due to testing errors – WHO official

  
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A WHO official with a remark over the coronavirus cases in Italy

Some good news for risk perhaps? The market isn’t budging though as there is no further details on the margin of error. That said, the fact that we are seeing cases become more widespread across Europe doesn’t help to do much damage control for now.

Update: Okay, this is a piece from Corriere which is saying that the Veneto region did not follow test guidelines when testing patients for the infection. Just take note that Veneto had 71 reported infections in the country yesterday, out of the nearly 400 cases reported.

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

  
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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

OPEC said to be discussing extending output cuts until at least June

  
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OPEC is said to be alarmed by the coronavirus outbreak

OPEC

Reuters is reporting on the matter, citing three OPEC sources, in saying that the bloc aims to extend the current oil output cuts through to June at least.

Adding that members are also discussing on deepening the cuts if oil prices or demand should fall significantly on the coronavirus outbreak.
There is little doubt that the virus will weigh on oil demand in Q1 at the very least but if it does have a prolonged impact, OPEC may have to live with lower oil prices until the world adjusts to the situation in the long-term.
I mean, if they can’t even properly comply with current quotas – what more if they choose to deepen cuts further. It’d be all talk but no action.

Are Asian stocks due further falls post Lunar New year? Probably, yes.

  
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Coronavirus has a fear factor

According to a quick google search around 50,000+ people die from the flu each year. It is mainly the old or the already unwell who are most susceptible to the virus. In 2003 the total number of SARS death was 700+ from a total sample of 8000+ cases. Here is a quote from the World Health Organisation on a person’s chances of dieing from SARS during the outbreak if they caught the disease.

The likelihood of dying from SARS in a given area has been shown to depend on the profile of the cases, including the age group most affected and the presence of underlying disease. Based on data received by WHO to date, the case fatality ratio is estimated to be less than 1% in persons aged 24 years or younger, 6% in persons aged 25 to 44 years, 15% in persons aged 45 to 64 years, and greater than 50% in persons aged 65 years and older

So far, 17 people have died due to the Coronavirus and this is a concern. The total number of coronavirus cases is rising all the time and the fear factor alone should weigh on equity markets. People will not want to travel around if they can avoid it as the disease spreads. I was surprised that on January 22 the Asian markets closed higher, even though the case load doubled. The Jan 23 response made much more sense to me in the Asian markets as they fell sharply lower ahead of the Chinese New Year Holidays. Sadly, it now seems almost inevitable that we will have a sharp increase in cases over this travelling time.
Triple top in Nikkei 
Coronavirus has a fear factor

A triple top in the Nikkei makes an attractive level for shorts if and when the coronavirus fear factor takes hold. Furthermore, it is still too early for folks to fully grasp the implications of the disease and unknowns remain.

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