Alert! The first case of infection in the United States by an unknown route: possible first case of community transmission? Short – term financial market volatility!

In new pneumonia in the global spread of the epidemic, financial upheaval, slump in U.S. stocks in the previous two days still fell on Wednesday, the 10-year Treasury yields to refresh the historically low levels, in the latest news conference, the President of the United States emphasizes the new crown trump pneumonia risk to the United States is still low, trying to make, but the CDC reported the first cases of infection is unknown, this caused the market short-term volatility, the U.S. stock futures plummeted, beauty refers to accelerated decline, spot gold surged to $1645, near the session, continue to focus on the spread of the epidemic in the global market.

Alert! The first case in the United States of an unknown route of infection markets have been volatile in the short term

US President Donald trump and officials from the us centers for disease control and prevention (CDC) attended a news conference to discuss the spread of the new coronavirus, the Washington post reported.

Trump said the risk to americans of a new coronavirus remains very low and that adjustments are being made and all necessary measures taken as the outbreak spreads, AFP reported. He added, “we are ready to take steps and when the disease spreads, we are ready to do whatever we have to do if it spreads.”

In addition, trump said that viral vaccine research is progressing well and that the spread of the disease in China has declined.

Trump also cited a Johns Hopkins university study that showed the United States is the best equipped country in the world to deal with a pandemic.

Trump announced on the same day, by vice President pence to lead the United States epidemic prevention work. “I’m going to put vice President mike pence in charge, and mike will work with the professionals and the doctors and all the other staff.

Asked if the us would impose travel bans on countries such as South Korea and Italy, Mr Trump said the administration had not yet made a similar decision “but we will see to it”.

Earlier, Mr Trump reportedly accused two us media outlets of disrupting financial markets by covering the dangers of the new coronavirus as negatively as possible. Mr Trump wrote on twitter on Wednesday that CNN and MSNBC, his regular critics, were “doing everything they can to make the coronavirus look as bad as possible, including scaring the markets if possible”.

While the trump administration has sought to play down the impact of coronavirus in the us, the first case of a new case of the disease, whose source is unknown, has rattled markets.

The U.S. centers for disease control and prevention (CDC) said a new case of coronary pneumonia diagnosed on February 26 has not left the United States or been in contact with any of the confirmed cases. According to an official at the center, the patient is from northern California and officials are tracking all of the patient’s recent contacts.

The U.S. CDC noted that this may be the first case of community transmission, the first in the United States; Another possibility is that the patient may have been in contact with infected returning travelers.

As a result, U.S. stock futures fell sharply in the short term, with s&p 500 futures falling as much as 1 percent. Overnight, U.S. stocks initially rose, but the potential for a new outbreak of pneumonia in the region turned the rally downward, and the three indexes ended the day mixed.

On Thursday, Asia’s stock market intraday, most of the lower, the market is concerned about the continuing spread of the disease.

Meanwhile, the dollar fell under pressure in the short term, losing the 99 levels and hitting as low as 98.94.

As the outbreak began to spread rapidly to the Middle East and Europe, some investors had dropped their bets that the U.S. economy would be spared and began betting that the fed would have to cut interest rates to support the economy.

But federal reserve vice-chairman larry Clarida said on Tuesday that the fed was “closely monitoring” the escalating outbreak of the new coronavirus, but that it was too early to tell whether monetary policy needed to be adjusted as a result.

While the dollar fell sharply, spot gold jumped briefly, touching around $1,647 and nearing the 1650 mark, boosting demand on fears of a new outbreak and bets on interest rate cuts.

In addition to safe-haven demand, there is a growing expectation that growth will slow as the outbreak spreads and that the fed will act. The market was awash in bullish news. I think we are seeing some participants taking profits at this level, particularly the bulls.”

U.S. health officials had warned Americans to prepare for a possible outbreak. Health and human services secretary Alex Azar said Wednesday that the United States has 59 cases of coronavirus, including 42 American passengers evacuated from the diamond princess cruise ship in Japan. Only two cases of human-to-human transmission have been reported in the United States.

Mark Fauci, director of the national institute of allergy and infectious diseases at the national institutes of health, said Tuesday that while the virus is under control in the United States, americans must be prepared for a possible outbreak as it spreads beyond China.

U.S. secretary of health and human services Alex Azar said on February 26 that there has been one more case of the coronavirus in the United States, bringing the total number of confirmed cases to 15, CCTV news reported. To date, 42 of the confirmed cases in the United States have been American evacuees aboard the Japanese cruise ship diamond princess, three have been Chinese evacuees from wuhan, and 15 have been confirmed in the United States.

Surge of 334 cases! South Korea has nearly 1,600 confirmed cases

South Korea has confirmed 334 new cases of coronary pneumonia, bringing the total number of confirmed cases to 1,595, according to a statement by the central government on Thursday. The death rate of newly contracted pneumonia in South Korea is around 1%, mainly in the elderly or those with underlying diseases, said zheng yinjing, head of the central government’s anti-epidemic strategy department, at a news conference on Wednesday.

The United States is urging travelers to South Korea to reconsider their travel plans because of the outbreak of pneumonia, market sources said.

The bank of Korea today left its benchmark interest rate unchanged despite mounting evidence that the country’s economy is being hit by a new outbreak of pneumonia, agency analysts said.

South Korea’s economy is expected to grow by 2.1% in 2020, compared with an earlier estimate of 2.3%, the central bank said. South Korea’s economy is expected to grow by 2.4% in 2021. Inflation is forecast at 1.3 percent in 2021. The accommodative policy stance will be maintained.

Ten of 28 analysts surveyed by the agency had forecast no move, with most forecasting a quarter-point cut to a record low. The bank of Korea will then update its economic forecasts, with analysts expecting growth to be cut to 2.3 percent this year.

The number of new cases of coronary pneumonia reported outside China exceeded the number of new cases in China for the first time Tuesday, who director-general tandesay said in Geneva.

A joint team from who and the European center for disease control and prevention has arrived in Rome and a team of experts will travel to Iran later this week to provide assistance. Director-general Dr. Tandsai said the current outbreak did not constitute a “pandemic” and called on the media to be careful in their language so as not to cause unnecessary panic.

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