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Getting things into perspective there has only been 50 deaths outside of China and even in China only 3% of the persons infected have died,but people spread doom and gloom for whatever the reason and the fear factor takes over
Sorry dont understand
Corono update world meter
China total cases 77,666 total deaths 2,664 about 3%
Korea 977 and 11 about 1%
Italy 323 and 11 about 3%
You can make numbers do what they want I was told I had a 1 in 20 chance of living after my illness which seemed quite bad at the time
I went home and thought about it which actually meant for every 100 people 5 would die but 95 would live that sounded much better to me
@ Autonomy is noting but contagion and fear mongering. The USA and China are both mostly likely working overtime to get a vaccine ready.
Give it two weeks once these two will have a vaccine on mass production.
I doubt the Chinese will give 2 hoots about trails, efficacy, human trials etc. They will want a vaccine and the have one.
Also if the Virus, was an accidental release from a military facility, surely they must have had contingency in place or even the blue prints of a vaccine
These are current numbers you cant predict the number of deaths in a few weeks it could be better or worse
I will keep to the numbers on the site
Copper holding up unbelievably well ! considering.
https://www.sciencemag.org/news/2020/02/coronavirus-unstoppable-now-what-do-we-do
I wouldn't want to look as you have no idea what i did for a living
Regarding the mortality rate while we know the number of deaths in comparison to the number of infected as recorded there is missing data which skews the figures. For instance how many people infected only have mild symptoms and go unnoticed? How many more have been unable to receive medical care and are at home? I've heard these figures will be quite high now given the rate of recovery from some patients. On the other hand, how many people have died in their own homes but yet to be reported? And crucially (following on from what Rastuss wrote), how many infected, whether reported or otherwise will die?
Governments are rightly concerned because of the incubation period which can be as long as 14 days. So the figures today for numbers infected are already 14 days out of date! Worse this virus is infectious also much longer than SARS and other viruses tend to be, both before the patient displays signs of symptoms and during recovery. There's a lot we don't know still but I very much doubt a vaccine will magically appear in the next couple of weeks when most experts predict it will take many months. They didn't even reach the point of manufacturing a SARS virus because the virus had burnt out by summer. Everything I've read so far on this one suggests it's easy to pass on and there's very little we in the west can do to stop it becoming a pandemic.
Of the couple of cases in Italy last week it has ballooned to more than 300 now and several European countries have announced their first coronavirus cases, likely linked to the group in Italy. The countries affected include Austria, Croatia and Switzerland. Also Algeria and Brazil have reported their first cases today. The Swiss man was reportedly infected 11 days ago when he visited Milan which suggests anyone in contact with him is now a risk and potentially anyone who came into contact with those secondary carriers, but how can anyone track that when more and more cases are being reported daily?
I think what is more scary than the virus is the measures that Governments are taking and may yet take to tackle this. 1000 hotel guests were quarantined in Tenerife because one person was infected. If this spreads uncontrollably what other 'measures' will be taken? Towns sealed off? Public transport closed? I dread to think but things can definitely get a lot worse.
Copper for what it's worth hasn't taken a pummelling because fundamental demand hasn't fallen where as oil markets which are oversupplied has and will continue to do so if growth slows. Stimulus is a given, China has taken the lead and no doubt the EU and US will step up their bond buying and keep rates low. But this won't stave off a run on the banks if the Eurozone goes into recession. A knock-on effect will be inevitable if that is the case.
Well put the_sharemiator, it has been reported that a vaccine has been made in the U.S. and is going on a 6 week human trial. As for the number of people infected, even if that was doubled, put that against the population in the exposed area and the percentage is still very small, all down I would say to China’s lockdown of all the population in the province. Compare that rough estimate to the diamond princess cruise confinement were the people on board were allowed to walk about the ship, of about 3700, over 600 had contracted the virus. I would assume the same will happen in the Tenerife hotel were the guests have similar freedom of movement. It is now being reported that in the states and E.U. that the virus will have free reign.
As for copper I still think the price will recover quickly.
Morning all-tin hats on ,commodities side ,might ride better.with rio Tinto reporting..
ColonelDrake - contained? I don't think any country has a grip on this yet. The Chinese have been away on their extended Spring Festival for the better part of the past 6 weeks and have effectively imposed a strict quarantine on more than half of the population during this period. People are now beginning to go back to work in the cities so I think it's too early to say whether they have it contained. Western countries will find it much harder to force their populations to stay home.
391p support perhaps.
Just to put things in prospective, , every year (EVERY YEAR) there are 70,000 people die in the US alone from Flu
The media have managed to create a real panic with their head lines, and "Horror" stories.
It is a shame that they behave like this to sell their stories.
Nature will take its course, and in a year or 2 , we will look back and wonder why every one panicked and sold because of a Flu story !
Be easier for united states to control .that's what it's called for, colonel drake.it not united as knowin Europe.as well illegal migrants in Africa ,coming to the south Med. already reports it's in Africa it's to late.as I said better let nature take it's course ,and live lives as normal. Dow jones will pull us down again latter on. we might get a dead cat bounce tomorrow.
I agree Roydon a **** and panic over nothing much and this is down to the media.
first I was surprised that coronavirus had little impact on US stocks. I now think it is slightly overdone specially in UK.
I think short term stock and commodity prices are pure heard mentality driven by auto, programs, etc and supposedly people who know the charts and down to self-fulfilling prophecy. us markets were anyway overbought and a correction was required. i think uk stocks are pretty cheap so I am surprised that UK stocks have gone down as much don't understand the logic. i can understand the selling of airlines and holiday companies but why would utility stocks go down? perhaps even if coronavirus did finally get into uk you do be using more of telecom and water and gas sitting at home.
my other observation is that diseases have come and gone in the history of mankind. surely we are better prepared to deal with such things than any other time in history so why are people panicking.
my theory is that there will be a lot of people who caught coronavirus, did not get major symptoms, their immune system coped well and they got cured without even knowing they had this virus. so the death toll number as a percentage of infected could be misleading.
On the other hand, most people who are dying of this virus have other underlines issues. I would be worried if a lot of young healthy people started dropping off after catching this virus and I haven't seen any data which highlights riks to healthy young and working populations.
effect of coronavirus on kaz.....
1. short term copper demand and copper prices may go down...
max 1-2 quarter impact, given china, is managing the recovery well which is their market.
2. operations may get effected if coronavirus spread in kazakistan.
well this is unlikely given the nature of the mines which are far-flung from areas of the main population but there is small risk especially which needs to be managed.
3. stocks may go up if some of their customers stopped using the raw material for a while.
4. spare parts availability for running their mines and operations may be an issue if they are being manufactured in china. a small risk
apart from the above, I don't see many risks for Kaz as Kaz will continue its operations smoothly very likely and copper prices will recover as soon as china announces measures to boost their spending to recover the economy.
Italian prime minister has called for calm,Trump will speak at 6pm Et so possibly get a bit of a boost on the Dow jones
https://www.theepochtimes.com/leaked-documents-reveal-chinas-shandong-province-faked-coronavirus-infection-data-real-numbers-up-to-52-times-higher_3251354.html-would not surprise me, they lied in the beginning Caribbean reporting it now , more cruise ships.
Reporting leaked documents, 52 times higher than reported in Shandong province.
Be interesting next week .we get figures for Chinese caixin.i think market.makers penciled in damage .share price should pick up next week
President Donald Trump is reportedly furious that stocks are plunging, believing that health officials’ warnings have spooked investors, The Washington Post reported Tuesday night, citing two people familiar with the president’s thinking.
The president has reportedly cautioned aides against forecasting the impact of the virus over fears that stocks could fall further, The Washington Post said. (CNBC)
Trupm is never going to let the stock market crash, especially in a election year, he won a phoney trade that was purposely designed for him to sign this year. He will do what ever it takes to calm the markets.
Also there is so much fake news, the link you posted casual has been removed.
Still on here hafeez1.
I hope it doesn't come to some sort trade war Rastuss, Chinese can be bullies ,in Asia on weaker countries who depend on their money. It would finish KAZ.needing to sell copper,and giving them fiancial support.
Might be another grey day tomorrow.alot of companies reporting and alot going ex-div.