Possible Coronavirus Treatment Found

[GeorgeCross]

unconfirmed as yet but certainly the markets are believing it:

 

Quote

 

Stock markets have staged a rapid reversal in the last few minutes, after reports of an effective treatment for coronavirus. The reports remain unconfirmed.

The FTSE 100 is up by 0.5% at about 7,477 points, having previously been down by 0.3%. The Euro Stoxx 600 index, which measures large companies across Europe, is up by 0.5% for the day, having previously dipped.

Reuters reports that traders have cited a Chinese TV report that a research team at Zhejiang University has found an effective drug to treat people with the new coronavirus. 

Oil prices, weighed down by concerns on coronavirus’s impact on demand, have gained a dollar after the reports.

Brent crude oil futures prices jumped from a low of $54.12 per barrel just after 8am to over $55.1 an hour later. They are now up by 2.2% for the day.

 

src. guardian: https://www.theguardian.com/world/live/2020/feb/05/coronavirus-live-updates-in-china-wuhan-outbreak-death-toll-latest-news-update-evacuation-coronaviruses?page=with:block-5e3a85ba8f0811db2faf1b55#block-5e3a85ba8f0811db2faf1b55 

 

fingers crossed!

 

 

[CharlieH]

Not a Thai subject.