new confirmed cases in hubei have been declining signal! Non-hubei confirmed cases drop for two days! Risk appetite picked up and gold hovered around 1555

A total of 28,000 cases of the new coronavirus have been confirmed, with 563 deaths, according to the latest news on Thursday morning in Asia. However, it is worth noting that the number of new confirmed cases in hubei has been declining, and in addition, the number of confirmed cases in non-hubei areas has been dropping for two consecutive days. All this information is good news for pneumonia prevention and control. A recent rally in global equity markets and a pick-up in risk appetite as fears about the disease receded has kept gold under pressure, with spot bullion still hovering around $1,555.

A total of 28,018 new cases have been confirmed in hubei province, indicating a decline

A total of 3,694 new cases were confirmed in 31 provinces (autonomous regions and municipalities directly under the central government) and the xinjiang production and construction corps (XPCC), 261 of which were cured and discharged from the hospital, and 21,365 people had close contacts who were released from medical observation, according to the latest report from the national health and fitness commission (NDRC) on Thursday. There were 640 new severe cases, 73 new deaths (70 in hubei, 1 in tianjin, 1 in heilongjiang and 1 in guizhou), and 5,328 new suspected cases.

By 2:00am on February 5, a total of 28,018 confirmed cases had been reported in 31 provinces (autonomous regions and municipalities directly under the central government) and the xinjiang production and construction corps. A total of 282,813 close contacts were traced, including 186,354 who were under medical observation.

By 24:00 on February 5, 2020, a total of 19,665 pneumonia cases of new coronavirus infection had been reported in hubei province. It is worth mentioning that 3156 new cases were confirmed in hubei province on the 4th, and the data on the 5th has been decreasing.

The fifth edition of the new diagnosis and treatment plan for coronary pneumonia in China clearly stated for the first time that “asymptomatic infected people may also become the source of infection”, adding the expression “currently no effective antiviral treatment” in terms of antiviral treatment.

According to xinhua, with the support of the ministry of science and technology, the national health and health commission, the state food and drug administration and other departments, the registration and approval of the antiviral drug remdesivir has been completed, and the first batch of cases have been enrolled. The first group of severe pneumonia patients infected with the new coronavirus will be given the drug on February 6.

Rising risk appetite continued to weigh on gold

The s&p 500 hit a record closing high on Wednesday, with stocks rising for a third straight day on encouraging U.S. economic data and waning concerns about the financial impact of China’s coronavirus outbreak.

Asian and Pacific stocks rose broadly on Thursday, led by a surge in U.S. stocks that spurred a return to risk appetite and undercut safe-haven buying of gold.

The dow jones industrial average. DJI rose 483.22 points, or 1.68 percent, to 29,290.85. The s&p 500 gained 37.1 points, or 1.13 percent, to 3,334.69. The NASDAQ closed up 40.71 points, or 0.43 percent, at 9,508.68. The NASDAQ also hit a record close.

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. The latest report said ADP added 291,000 jobs in January, well ahead of market expectations for a 156,000 gain, revised up from a 19,000 gain and a 202,000 gain.

Data released after the institute for supply management was also strong. U.S. service sector activity rose in January and industry reported a rise in new orders, suggesting the economy may continue to grow modestly this year despite a slowdown in consumer spending. The ISM said its index of U.S. non-manufacturing activity rose to 55.5 in January, the highest since August last year, from a forecast of 55.0.

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.

In addition, the US Senate rejected articles of impeachment against Mr. Trump, removing a major uncertainty in us politics and helping US stocks.

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, pending 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.

Indeed, with the recent stock market rally, gold prices have fallen sharply. Spot gold is currently trading around $1,555 an ounce.

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