A total of 30,000 cases of the new coronavirus have been confirmed in Asia on Friday morning. However, it is worth noting that the number of new confirmed and suspected cases across the country, as well as the number of new confirmed cases in hubei province and wuhan city, all declined. This is good news for outbreak control. On Friday, investors will focus on the U.S. non-farm payrolls report, which is expected to trigger market volatility. Meanwhile, US President Donald trump is expected to deliver a speech on the acquittal.
According to the statistics of the national health and fitness commission, the number of newly diagnosed cases of coronary pneumonia in non-hubei regions was 696 on February 6, which decreased for three consecutive days (890, 731 and 707 cases on the 3rd, 4th and 5th days respectively), and a total of 9,049 cases were confirmed by 2400pm on February 6.
It is worth noting that on February 6, new confirmed cases, new suspected cases and new confirmed cases in hubei province and wuhan city all dropped.
According to the hubei health and fitness commission, from 0:00 to 24:00 on February 6, 2020, there were 2,447 new cases of pneumonia caused by the new coronavirus in hubei province. By 24:00 on February 6, 2020, a total of 22,112 pneumonia cases of new coronavirus infections had been reported in hubei province.
The world health organization spokesman jia gelang has said in an interview on Thursday, at this stage is not forecasting when the ratio of China’s domestic epidemic “inflection point”, also is unable to predict whether or not a novel coronavirus pneumonia outbreak will outbreak or outside China evolved into a global pandemic, because there are still a lot of new coronavirus key information has not been able to master by the world scientific community.
But he said it is still possible to stop the spread of the virus as long as countries take strong measures to detect, isolate, treat and track contacts early, with social barriers commensurate with the risks.
, according to south China agricultural university officer micro south China agricultural university, lingnan modern agricultural science and technology of guangdong province laboratory Shen Yongyi professor, professor XiaoLiHua joint scientific research personnel, a researcher at the Chinese people’s liberation army academy of military science academy of military medical feder I and guangzhou zoo’s Chen wu, according to a new study conducted by senior veterinary pangolin potential intermediate hosts for new coronavirus. This latest discovery will have important implications for the prevention and control of novel coronaviruses at the source.
Could a new rally in the dollar be triggered by non-farm inflation?
Friday at 21:30 Beijing time, the U.S. non-farm payrolls report for January is expected to trigger market volatility tonight.
Despite the current outbreak, analysts generally expect the U.S. labor market to remain tight at the start of 2020, but the key to the report will be how the number of new jobs is interpreted by the market.
Non-farm payrolls are expected to have risen 163,000 in January, according to media surveys, while the unemployment rate is expected to remain at 3.5 percent, the lowest level in nearly 50 years.
In addition to job creation, wage growth is also key, influencing the fed’s policy decisions. The average U.S. hourly wage is expected to rise 0.3 percent in January and climb 3 percent at an annual rate.
Analysts said the dollar could gain further if the U.S. non-farm payrolls report is strong. On Thursday, the dollar index hit 98.58, its highest since October 15, 2019.
Thursday’s strong U.S. economic data also boosted the dollar index. The number of Americans filing for jobless benefits fell to a nine-month low last week, falling to 202,000 in the week ended February 1.
The job market kicked off 2020 in an ambitious way, with the private sector adding 291,000 jobs, the biggest monthly gain since May 2015, according to a report released Wednesday by ADP and moody’s analytics. ADP added 291,000 jobs in January, far exceeding market expectations for a 156,000 gain, the report said, revised from a 19,000 gain to a 202,000 gain.
Investors are waiting for Friday’s U.S. non-farm payrolls report to gauge the strength of the labor market. The fed left interest rates unchanged at its last meeting, citing continued moderate economic growth and a “strong” job market.
“Overall, the U.S. economy remains in a very strong position compared to other developed markets,” said Simon Harvey, currency market analyst at Monex Europe.
Broker XM believes Friday’s report could be the first piece of good news that will push the dollar higher.
Despite record highs on Wall Street, a stronger dollar and better-than-expected U.S. jobless claims data, gold rose on Thursday on expectations central Banks would keep interest rates low and uncertainty about the economic impact of a coronavirus outbreak fueled demand for the precious metal.
Spot gold closed at $1,566.41 an ounce on Thursday, up to $10.66, or 0.68 percent, after falling as low as $1,546.90 on Wednesday, its lowest level since January 21.
“Investors are building up gold positions in anticipation of more quantitative easing programmes from central Banks and lower interest rates,” said Bob Haberkorn, senior market strategist at RJO Futures.
George Gero, managing director of RBC Wealth Management, said in a report that despite the rise in stocks or the dollar, “you can’t exclude gold” even in China given the global economic slowdown, which will keep “interest rates moderate everywhere investors can see.”
For further market direction, gold investors are focused on Friday’s U.S. non-farm payrolls report.
“Technically, gold bulls have an overall short-term technical advantage and have been working to stabilize the market later this week,” Jim Wyckoff, senior analyst at Kitco Metals, said in a note.
Mr Trump will speak
At 01:00 Beijing time on Saturday, US President Donald trump will deliver a speech on the acquittal of the impeachment trial.
The us senate on Wednesday voted down two articles of impeachment against Donald trump, who has not been convicted, meaning he will not be removed from office.
The U.S. Senate voted 52-48 to dismiss articles of impeachment accusing trump of abuse of power, and 53-47 to dismiss articles of impeachment accusing trump of obstructing Congress.
Both votes were almost entirely along party lines. Mr Trump has not been convicted and will not be removed from office, ending the impeachment trial. Mr. Trump became only the third President in US history to be exonerated by the senate and remain in office.
The acquittal was the final step in a two-week trial in which house Democrats passionately argued that Mr. Trump was a threat to the country, while senate republicans staunchly supported him.
On Dec. 18, the Democratic-led House of Representatives voted to approve two articles to impeach trump: abuse of power and obstruction of Congress. Mr. Trump has been accused of abusing his power to force Ukraine to investigate the former vice president Joe Biden and his son, withholding nearly $400 million in military aid appropriated by Congress.