Confirmed death total now 41 in China (from 26 previously)
CNBC is reporting that the death toll from the coronavirus has been raised to 41 in China. That is up from 26 previously (a gain of 15).
Trump says US appreciates China's work on coronavirus
There's a that's just starting to do the rounds of the hallway in the Wuhan hospital. It shows people walking around what looks to be dead bodies on the floor.
Forexlive Americas FX news wrap: Coronavirus fear heats up. Stocks lower. Yields lower.
In other markets:
- Spot gold is trading up $8.30 or +0.53% at $1571.15. The price is trading up from last Friday's close at $1557.24 or +$13.91 (up 0.89%).
The day today saw Canada retail sales rise by 0.9% versus 0.6% expected. The number came on the back of a -1.1% decline
Major indices give up early gains on coronavirus fear
The major indices give up early gains on coronavirus concerns and are ending the day lower. For the week, the NASDAQ index snapped a 7 week winning streak and is ending down on the week. The Dow is in the midst of a four-day losing streak.
CFTC Commitments of traders: JPY shorts increase to largest level since early December
- EUR short 47K vs 48K short last week. Shorts trimmed by 1K
- GBP long 25K vs 31K long last week. Longs increased by 6K
UK virus researchers estimate 250,000 people in Wuhan will have coronavirus in 13 days
A UK expert on the transmission and evolutionary dynamics of infectious diseases has published a with four colleagues that estimates transmission parameters for the Wuhan coronavirus and it's terrifying.
Crude oil futures settle at $54.19. A sharp moved lower this week.
The price of crude oil futures are settling at $54.19. That is down $1.40 or -2.52%. The low for the day reached $53.85, while the high extended to $55.95.
FAA: Recertification of the Boeing Max could come before midyear
Just when you thought the markets might had lower into the close, there is a report that the FAA is saying that recertification of the Boeing Max could come before midyear. That announcement has reverse the fortunes of BA. The price is trading up back toward the 50 hour
The S&P moves below the 100 hour MA. Can it stay below?
The S&P moved below the 100 hour MA at 3286.67. The price low has reached 3281.53. We currently trade at 3285.00.
For the Nasdaq, the 100 hour MA comes in at 9252.20. The price is still above MA today.
France confirms first case of coronavirus, send case likely
First case in Bordeaux, second near Paris.
I'm having a hard time keeping count of the number of countries now.