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Why Are Markets Rallying Despite Coronavirus?

From orbex.com

Looking at the recent march higher in equities prices, there is little evidence to suggest the world is currently experiencing an outbreak of a deadly disease. The coronavirus infection named COVID-19, saw its first confirmed cases in China in December last year. Since then, the virus has spread to: all 31 provinces in China, across 16 countries in Asia, and across 28 globally with over 500 confirmed cases outside of China. The hardest hit is China itself. The latest data released from the Chinese National Health Commission over the weekend noted that as of Sunday the number of new cases rocketed by over 2000 ... (full story)

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  • Category: Fundamental Analysis