Coronavirus: Rise in Dollar, Shares and Gold. Stock Market News.

 

Corona Virus Effect: Rise in Dollar, Shares and Gold.


In China, 645 Indian people were evacuated from the city of Wuhan, the worst affected by the Corona virus, by Air India. It was a difficult task, it is being fiercely discussed about this work of Air India. For Air India, it was a tough job, they had to save people as well as protect themselves from infection.

On Saturday, experts from the World Health Organization (WHO) visited the city of Wuhan in China, the main epicenter of the corona virus outbreak. With the death of 109 more people due to Corona virus in China, the number of people who died due to this has increased to 2 thousand 345. The number of cases of infection with the corona virus has increased to 76,288. This information was given by the health authorities of China.

China's health authority said that on Friday, Kovid-19 has been confirmed out of a total of 397 people, while 109 deaths have been reported from 31 provincial-level areas.

A regular report by the National Health Commission (NHC) said on Saturday that a total of 2,345 people had died of the disease till Friday and coronary virus infection has been confirmed in 76,288 people across the country.

According to the report, 106 of these deaths have occurred in the Hubei province, while one death each has been reported in Hebei, Shanghai and Xinjiang.

The Provincial Health Commission said that there were 106 deaths in Hubei province on Friday with 366 more confirmed infections. It said that according to the new report, 63,454 people have been diagnosed with infection in the most affected province.

The 12-member team that arrived in China on Monday was initially scheduled to go to Beijing, Guangdong and Shichuan provinces while the badly affected Hubei province and its capital Wuhan were missing from the list. However, the Chinese government eventually allowed the team to go to Wuhan. Apart from controlling the spread of the virus, the WHO team and their Chinese counterparts have the biggest task of preparing standard drugs for the treatment of the disease.

NHC said that 20,659 patients infected with the virus across China were discharged from hospital on Friday after their condition improved.

The NHC said on Saturday that the team met Chinese respiratory specialist Jong Nanshan in Guangdong and also visited the Centers for Disease Control and Prevention in Guangdong and Shenzhen and Sichuan.


The relationship between different asset classes (gold, shares, currency etc.) is changing nowadays. The reason for this is that investors are not able to guess the effect of Corona virus on the growth of the global economy. No indication can be drawn from the data related to the SARS infection in 2003, as China's gross domestic product (GDP) has quadrupled since then. This is the reason why, considering the risk, investors are investing in assets considered safe.

Along with the US currency, the dollar index that measures the health of other currencies has also risen to 100 from 96.5 at the beginning of this year. The US stock market and debt market has strengthened the dollar. The ratio of the US index and the world index outside the US is also at a record level.

Bonds and the stock market are rising in step. The relationship between the US 10-year Treasury Yield and the S&P 500 Index has reached one-year peak. The softening in the global economy means that global central banks are more liberal.

The possibility of a cut in the interest rates by the US central bank in the second part of 2020 is more than 50 percent. Japan's yen demand has also increased due to the increasing risk of economic growth. However, negative bets are high on Japan's currency at this time, as Kovid 19 could push Japan into recession as well.

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