Coronavirus: market update

Global coronavirus cases exceeded 392,000 with over 103,000 recoveries. The number of people confirmed to have died as result of the coronavirus has now surpassed 17,100. Europe become epicenter of the pandemic. Italy is the second most affected country after China with confirmed 63,927 cases of which 6,077 have died and 7,432 people have recovered. This is the highest death toll in the world, almost twice as many than  China, which reported 3277 deaths. However the recent data showed the rate of new infections has been decreasing for the last few days. Initially these data raised hopes that the worse could be over for Italy, however Prime Minister Giuseppe Conte announced that country had not yet reached the "most acute phase" of the infection. Italy has been in national lockdown since beginning of March and it will last until at least April 3. Spain confirmed 39,673 and Germany 30,150 cases. In the US, which is now the third most affected country in the world, number of new cases raised sharply and approached 46,168, while situation in China has been stabilizing. China’s National Health Commission reported 78 new confirmed cases, most of which are cases of people returning from abroad. The UK government has tightened restrictions on its citizens to stop the spread of coronavirus. From today, all irrelevant public buildings and places are closed and all social events, including weddings and baptisms, have been stopped. The British were ordered to stay at home. Citizens can only leave the house for the necessary reasons, e.g. to buy food or medicine, provide necessary care, travel to work if absolutely necessary, or exercise once a day.

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