Initial losses in US equities are almost back. WHO has reported that the sharp rise in diagnosed people with coronavirus does not necessarily reflect those actually infected. Bonds began to fall in price, and the WTI reversed.
The S & P500 and other US indices are recovering from earlier losses, with no major changes in market sentiment after the WHO statement. It is too early to say the full implications for the US markets. Concerns remain restrained by the overall well-being of the US economy and strong consumption. The question now is how quickly China can handle the situation.
The euro remains weak against the US dollar, falling by almost 0.3%. The British pound was also weaker against the USD, down 0.7%. Despite the improvement in sentiment, the Japanese yen remains strong with an increase of 0.2%.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
Trader Martin Nikolov