China has now confirmed 903 coronavirus cases
Earlier today the tally was at 830 cases. SARS caused an eventual 8098 cases and 774 deaths.
Many people are taking the number of deaths (26) and cases (903) and highlighting a 2.8% mortality rate. That's flawed thinking. Until you know whether those 903 people died or were cured, you can't know
BOE: Bank of England could lower rates next week
Why could the Bank of England Cut Interest Rate in January?
Baker Hughes US oil rig count 676 vs 673 prior
In addition to any escalation of coronavirus, the stock markets will be tested next week with a full earnings calendar
In addition to any escalation of the coronavirus, the stock markets will be tested next week by a plethora of earnings announcements. The "Who's Who" of companies will be announcing. Below is the schedule of the major releases (subject to change):
Why the coronavirus risk to global growth and financial markets is real
Markets are increasingly tuning into the risks around coronavirus. It's taken equity markets awhile but the S&P 500 fell back below 3300 and to the lows of the week.
Stock tumble accelerates
The stock tumble has accelerated with the
Pentagon: 34 service members have been diagnosed with traumatic brain injury after Iran attack
The President and top US officials have downplayed US casualties from the strike but are releasing more information now. A report at the time said the blasts were strong enough to knock soldiers off their feet and that the primary casualties were drone pilots who manned their stations to scramble
European shares rebound to end the week
The major European indices are ending the day higher. For the week all but the German Dax fell.
NY Fed weekly GDP Nowcast unchanged at 1.22% for Q4
Also unchanged at 1.67% for Q1 2020. The NY Fed said there were no releases this week to impact the model.
Look at that 'booming' economy.
Senator says CDC will confirm a third case of US coronavirus
Are you ready for another week or two of this?
The S&P 500 is down 13 points, gold is up $9.50 and oil is at a fresh low at $54.09.