the new coronavirus epidemic hit the world! Emergencies, states of emergency, immigration control, evacuations… The volatility will be even greater next week

January 27-31 market overview: during the Chinese New Year week, the outbreak of pneumonia caused by the new coronavirus hit global financial markets, leading to a sharp sell-off in risky assets such as stocks and crude oil, and capital flowing into safe-haven assets such as gold and yen. According to the latest statistics, as of 24:00 on January 31, there were 11,791 cases of pneumonia infected by the new coronavirus and 259 deaths nationwide. The world health organization has declared the outbreak of a novel coronavirus a public health emergency of international concern. However, who said it did not recommend restricting trade and flows because of the outbreak in China. The United States has declared a public health emergency after who declared the outbreak of the new coronavirus to be a public health emergency of international concern. In addition, according to the latest summary of the department of consular affairs of the ministry of foreign affairs, 62 countries have taken measures to control the outbreak of pneumonia.

In addition to the global outbreak of pneumonia caused by the new coronavirus, markets this week also saw the federal reserve’s first interest rate decision in the New Year and the UK’s official Brexit on January 31, ending its 47-year membership of the European Union. Global stocks sold off sharply this week as new coronavirus-infected pneumonia hit sentiment, with the dow jones industrial average plunging more than 600 points on Friday. Market participants interpreted Friday’s drop as a judgment on the current environment. In addition, safe-haven demand drove gold prices higher, with spot gold hitting a high of 1590 this week. Oil prices have continued to tumble on concerns that the spread of the coronavirus will curb demand for transport fuels, Posting their worst performance since 1991 in January, falling 16 percent.

Currency markets: the dollar fell sharply on the rally, particularly Friday, falling as low as 97.35 and earlier as high as 98.20. The euro bottomed out against the dollar, rising as high as 1.1096 and as high as 100. Sterling was also lower against the dollar, rising as high as 1.3208. Usd/JPY continued to fall as low as 108.31; Commodity currencies such as the Australian, Canadian and New Zealand dollars all fell. Analysis, the dollar Friday’s drop, directly boost the euro, sterling trend.

Commodity markets: spot gold rose this week, rising as much as $20 on Friday to hit $1,590.20 an ounce, with analysts saying there was still plenty of safe-haven demand and any pullback was seen as an opportunity to buy on dips. Oil prices had their worst month on record since 1991, falling 16 percent in January amid concerns that the spread of a coronavirus would curb demand for transportation fuels. After the world health organization declared the outbreak an international public health emergency, fears of a drag on demand took hold.

Global stocks: Wall Street took a beating on Friday, with the dow dropping more than 600 points, erasing all its gains for the year. The s&p 500 closed down 1.77, its biggest one-day drop since October 2019. The dow had its worst one-day performance since August 2019; The NASDAQ closed down 1.59%; European stocks were also down Friday, with the Stoxx 600 down 3% for the week. In Hong Kong, the hang Seng index fell 5.86% over three trading days, dropping 1,637 points.

WHO declares a public health emergency of international concern: a new outbreak of the coronavirus constitutes a public health emergency of international concern, the world health organization (WHO) announced at a press conference at 3:30 am Beijing time on Friday (January 31). However, the WHO said it did not recommend restricting trade and flows because of the outbreak in China.

The who said the coronavirus, which has infected more than 8,200 people around the world, was a rapidly spreading global health emergency and that the decision would help it mobilize financial and political support to contain the outbreak.

The United States declared a public health emergency: local time on January 31, the U.S. Department of health and human services secretary, said in a briefing, followed by the world health organization has announced new coronavirus infection pneumonia outbreak has constituted a public health emergency of international concern, the U.S. government 31 declared the epidemic to constitute the national public health emergency in the United States.

The United States will take strict temporary measures starting at 5 p.m. Eastern time on February 2: U.S. citizens who travel to hubei, China, within 14 days of entry will be quarantined for up to two weeks, during which medical services and health checks will be arranged; U.S. citizens who travel to other parts of China within 14 days of entry will undergo rigorous health and security screening at inbound airports and will undergo self-quarantine for up to 14 days to ensure they are free of the virus and pose no threat to public health. The us will also temporarily ban non-us citizens who have been to China 14 days before entry (and who are not green card holders or dependants of us citizens) from entering the country during this period.

Italian prime minister Pierre-Piero Conte announced Thursday that the country will enter a state of emergency and allocate funds to deal with the new coronavirus, the ansa news agency reported, citing People’s Daily. Two Chinese tourists diagnosed with pneumonia in Wuhan are undergoing quarantine treatment in Rome, Italian health authorities said Wednesday.

Global airlines suspend China flights: delta and American airlines said on Friday they would suspend reduced flights to mainland China as the rapid spread of a new coronavirus affected demand for flights to the country, state media reported.

In addition, united airlines, Air Canada, Lufthansa, British Airways and other airlines around the world have announced the cancellation or partial curtailments of their flights to the Chinese mainland.

In addition to united airlines, Air Canada and Lufthansa, airlines around the world have also suspended or reduced flights.

British airways immediately suspended all direct flights to mainland China and passengers will not be able to buy tickets for the flight until February 29. American Airlines canceled flights from Los Angeles to Beijing and Shanghai on February 9th and March 27th.

Air Asia suspended all flights to wuhan from January 31 to February 14. Indigo air India suspended flights from new Delhi to chengdu on February 20; Finnair and others have also reduced flights to Beijing, Shanghai and other cities.

Border control measures: the global more than 60 countries by January 31, department of consular affairs summarizes 62 countries against pneumonia epidemic prevention and control of immigration controls, there are six countries visas for Chinese citizens to take tightening measures, four countries for Chinese citizens to take entry restrictions, five national key for passport issue at as the “hubei province” and “hubei” travel experiences of personnel entry controls, 47 countries for Chinese citizens to take measures such as temperature detection, health declaration.

Japan, South Korea and other countries to evacuate overseas Chinese: three Japanese nationals who were evacuated from wuhan on January 29 were found to have contracted a new type of coronavirus pneumonia, the ministry of health, Labour and welfare said on Tuesday morning, according to media reports.

On the morning of January 31, a south Korean charter plane carrying 368 south koreans arrived at Seoul’s kimpo airport from wuhan. All passengers were quarantined before and after boarding the plane. Eighteen passengers were found to have fever and cough and were immediately sent to the hospital for quarantine. Because of the large number of passengers on board, passengers can not be separated, and passengers without symptoms will be isolated for 14 days.

The Indonesian government is planning to evacuate Indonesian residents from wuhan, saying evacuees will be quarantined for at least 14 days. New Zealand has announced the evacuation of its nationals from wuhan by a chartered 300-seat plane, where 53 new zealanders are said to be staying. Singapore’s foreign ministry had said it would evacuate 92 Singaporeans from the Chinese city of Wuhan on Thursday.

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