China’s Hubei province, centre of Wuhan virus outbreak, confirms 25 new deaths

BEIJING: The death toll from the coronavirus outbreak in China rose to 131 as health authorities at the epicentre of the epidemic reported another 840 confirmed cases, even as Beijing reiterated its confidence in containing the disease.

Fears of the spreading virus led airlines to reduce flights to China and global companies to restrict employee travel to the country. CNBC reported that the White House had told US airlines it may suspend all China-US flights due to the outbreak. READ MORE

TECHNICAL CHARTS

JPY closes the Monday Gap – we are expecting more downside for this pair this week
CHF likewise more downside this week
Gold will consolidate before making any big move; as the Consumer index in the US is still strong and next week NFP will be clearer for gold

KEY TAKEAWAYS

  • Coronavirus is spreading across the globe and US already scrambling to continue the virus by developing vaccines as fast as possible
  • China likewise scrambling to create facilities to contain the virus
  • Meantime the Stock Market across the Globe are cautious – is wait & see situation

FINWAZE TEAM

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