China said the death toll from the coronavirus rose to 1,770, while the province at the epicenter of the outbreak reported 1,933 new cases. Meanwhile, Hong Kong is facing “tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the coronavirus outbreak after months of social unrest, Financial Secretary Paul Chan said. Tom Mackenzie and Yvonne Man report on "Bloomberg Markets: China Open."
The impact of Covid19 on global economy is a high risk factor for traders in the coming months.
Trying to second guess every press release and infection report is probably unhelpful and difficult to trade.
Its primary impact on global economy relates to its apparent high level of transmissibility, and the infection-to-diagnosis-to crisis time line. Which makes its trajectory difficult to map. When infection rate reached a critical mass in Wuntan China.. the public health steps required to control it have effectively closed down and interrupted a large part of the Chinese economy. World eyes have to be to identify any indication that that a similar critical infection mass will be reached in other economies. That's far from clear yet. Lets hope not.
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