Despite some optimism, there is still no cure for the corona virus

U.S. stocks rallied and oil posted its biggest gain in more than a month, while major markets in Europe almost completely erased losses sparked by the reaction to China’s coronavirus.

What people are currently looking at is the rate of spread of the outbreak: the number of cases is still going up, but the growth rate is slowing down.

Oil prices have sharply reversed course following a four-day losing streak. OPEC, Russia and their allies are considering deeper production cuts in meetings this week.

Despite some optimism, the World Health Organization said there is still no cure. The fact is that new cases have increased in the last 24 hours.

The good news is that the spread of the virus outside mainland China is extremely low.

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance