Risk aversion is taking a renewed lease of life as markets begin to really sit up and take note of the potential impact of the Coronavirus. Some 24 hours ago there was a sense that markets were relatively well contained, but there has been a key shift in sentiment. With the number of fatalities in China growing, the government is taking decisive steps to try and quarantine the main affected city of Wuhan. However, the virus has spread to the cities of Beijing and Shanghai. Coming just in front of Chinese New Year, where travel and tourism in and around China increase, the timing could not have been worse. Global ... (full story)