U.S. investors' persistent optimism that the coronavirus will be short-live...
NEW YORK - U.S. investors’ persistent optimism that the coronavirus will be short-lived is being challenged by increasing evidence that the virus has spread beyond China’s borders.
There has been a spike in new cases of coronavirus in South Korea, and international authorities are trying stop the coronavirus from becoming a global pandemic. Risk averse investors piled into the U.S. dollar on Thursday, pushing the greenback to its highest level in nearly three years against a basket of currencies. Gold, another popular haven asset, climbed to a seven-year high.
While the firm’s base case prediction is that the virus will be largely controlled by the end of March, she said that could be upended “if we see the virus spreading independently in Europe or the U.S. at an accelerated pace,” which could lead to greater global economic disruption. Marc Lipsitch, professor of epidemiology at Harvard University’s T.H. Chan School of Public Health, said by email - repeating comments published on the Harvard Gazette’s website - that there is likely to be a period of widespread transmission in the United States.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
China's ambitious 5G push heading into slow lane due to coronavirus disruptionsGovernment measures to contain the spread of the coronavirus in China look set t...
Les mer »
Dollar dominates as investors dump yen, Asia currencies on coronavirus spreadThe yen was headed for its worst week in two-and-a-half years on Friday, as worr...
Les mer »
Treasury yields move lower as coronavirus concerns growU.S. government debt prices were higher Friday morning, amid intensifying concern about the coronavirus outbreak.
Les mer »
U.S. manufacturers scramble for costly alternatives as coronavirus cuts Chinese suppliesThe outbreak of coronavirus in China has forced U.S.-based suppliers to industri...
Les mer »
U.S. economy to dodge coronavirus blow, but risks to downside: Reuters pollThe impact of the coronavirus outbreak in China on U.S. economic growth will be ...
Les mer »