Coronavirus: market update

Global coronavirus cases exceeded 559,100 with over 128,700 recoveries. The number of people confirmed to have died as result of the coronavirus has now surpassed 25,200.

US become the most affected country in the world with  86,548 confirmed cases.  In Europe the worst situation remain in Italy with 80,589 infections, followed by Spain 64,059 and Germany 49,344. Meanwhile, the rate of new cases in China, where the outbreak began, has been stabilizing. Italy is the country with highest death toll of 8,215, more than twice as many deaths than China with 3,292. Number of dead people  in Spain’s also risen sharply in recent days  to 4,858.

Demographics, social behavior and lower testing capacity are just some of the reasons why Italy and Spain have the highest number of deaths in the world from the coronavirus, health experts told CNBC.

UK Prime Minister Boris Johnson announced today that he experience mild symptoms and had tested positive for the coronavirus, making him the first major world leader known to have contracted the disease. Prime Minister Johnson  will remain in  self-isolation at his Downing Street residence however reassured that he will continue lead the government's response to the spreading coronavirus outbreak. British health minister Matt Hancock also confirmed that he has coronavirus and is self-isolating at home with mild symptoms.

Russia has announced that one of the members of the presidential administration staff became infected with coronavirus. It was confirmed that this person did not have contact with President Putin, but refused to identify them.
President Putin declared next week a non-working week. This weekend, all cafes, restaurants and shops in Moscow except those selling food and medicine will be closed until April 5. Russia also suspended all international flights.

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Morning wrap
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