WHO declares coronvirus a public health emergency
- Declares coronvirus a public health emergency
- This is not a vote of no-confidence in China
- does not recommend limiting trade and movement to to China virus outbreak
- our greatest concern is the potential for the virus to spread to countries with weaker health systems
- panel almost unanimously concluded that coronavirus is a global emergency
- China has done tremendous things to limit the spread of the virus to other countries
- never seen this type of mobilization in my life that that was being executed in China
- Believes that the measures that China is taking will 'reverse the tide'
- On China WHO says 'I have seen the capacity and I believe they will control this outbreak assumes possible'
Although the declaration of the coronavirus as a public health emergency, the officials from the World Health Organization are gushing about the China response to the virus, it's containment and seem not to be concerned about the spread in China or in countries that are acting responsibly. Once again the biggest concern is countries with weaker health systems.
The price of of equities spike higher before the announcement then fell back down. We are currently trading near mid range of that volatile range.
Gold is moving off high levels as well currently trades at $1580.37. It is still up $3.70 on the day
In the forex market, the USDJPY has moved above back above its 100 day moving average as the up and downs continue in the pair off of news headlines.
