On Tuesday, the equity futures of the United States while the stocks of the world experienced retreat and the gold touched a high of two week as the investors had worried about the spread of the deadly virus in the country which might accelerate in the weeks coming by and adding more pressure to the markets which are emerging and the growth which has been sluggish globally.
The coronavirus of China which had afflicted the patients with the symptoms like pneumonia and are a lot more difficult for the detection through the medical screening in the traditional manner has killed a minimum of 4 people and had infected over 290 more people, with the cases reported now in Thailand, South Korea and Japan.
The celebrations of Chinese Lunar New Year had set to be kicking off on this Friday, as per the officials of World Health Organization who are concerned with this virus who could spread a lot more in a quick manner amid the country which is the most populated in the world, while the investors who are worried for creating an outbreak like SARS may dampen further the prospect of investments in the markets which are emerging in and around in these region.
IMF or the International Monetary Fund has in fact said that the markets which are emerging as being weak as the major driver in their decision of trimming the forecasts globally of economic growth for the year 2020 and for the next year too, even though it is anticipated in the gains in short-term for the trade that is following the phase one agreement of China and United States that had taken place in the previous week.
