•  
  • New York 05:48
  • London 09:48
  • Barcelona 10:48
  • Tokyo 18:48
  • Sydney 20:48
  • SignUp | Login

Flash Comment

Swine flu: WHO raises alert level to 4

Tue, Apr 28 2009, 10:37 GMT
by Peter Possing Andersen, Lars Christensen

Danske Bank A/S  |  View company's profile


Vote:

13

0

    • WHO has raised its pandemic alert level to 4 (out of 6) from 3 indicating a significant increase in the risk of a pandemic
    • Swine flu has now been confirmed in Europe. Latest cases in Spain and Scotland
    • The concerns over swine flu continue to weigh on the markets. The Mexican markets are especially hard hit

    Recent news

    We continue our regular updates on the swine flu situation:

    • a. Last night the World Health Organisation (WHO) raised its pandemic alert level to 4 from 3. A level 4 alert level indicates a “significant increase in risk of a pandemic”. There had earlier been some indications that the alert would be raised to 5.
    • b. WHO flu expert Dr Keiji Fukuda yesterday was quoted for saying “Containment is not a feasible operation”.
    • c. Swine flu has now been confirmed in Europe. In Spain one man has been tested positive for swine flu while 17 other people are under investigation for possible infection. Furthermore, two people have been admitted to hospital in Scotland for treatment for mild cases of swine flu.

    Market impact

    The worries over swine flu continue to weigh on the market (in combination with jitters about the US bank test results) and risk aversion seems to have risen further. Yesterday the Mexican stock market dropped 3.5%. That said, even though we see rising risk aversion on the back of the continued worries over swine flu, the markets are not panicking and one might in fact say that swine flu is being used as an excuse to reduce risk after a period of increased risk appetite.

    Note that during the SARS episode in Asia the markets did not fall off a cliff, but were hit gradually as the news flow about the outbreak evolved.


      Archive


      Legal disclaimer and risk disclosure

      This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.
      Vote:

      13

      0

      Related reports

      Financial Trend Analysis Strategy: Short EURUSD by Financial Trend Analysis
      Mon, Mar 22 2010, 08:40 GMT

      The curves in both the US and Germany flattened in a bearish to mixed way by KBC Bank
      Mon, Mar 22 2010, 08:12 GMT

      The Greek Tragedy: Euro hurting as EU summit approaches by FXstreet.com
      Mon, Mar 22 2010, 08:11 GMT

      This coming week will see PMI indices for the euro zone as well as the IFO index from Germany by Jyske Bank
      Mon, Mar 22 2010, 07:49 GMT

      President Sarkozy's party wins just 36% of the vote in local elections by Mizuho Corporate Bank
      Mon, Mar 22 2010, 07:16 GMT

      japan, crisis, us, swineflu, highlighted, eurozone

      [ View All ]

      Related content

      Forex: USD/CHF choppy in European opening
      FXstreet.com | Mon, Mar 22 2010, 09:52 GMT

      Forex: EUR/USD upside attempt halts at 1.3545
      FXstreet.com | Mon, Mar 22 2010, 09:46 GMT

      Commodities: Gold down but not out, safe haven supported
      FXstreet.com | Mon, Mar 22 2010, 09:30 GMT

      Forex: GBP/USD: attempts recovery and fails at 1.5015
      FXstreet.com | Mon, Mar 22 2010, 09:28 GMT

      Forex: GBP/JPY rises to session high above 135.85
      FXstreet.com | Mon, Mar 22 2010, 08:57 GMT

      japan, crisis, us, swineflu, highlighted, eurozone

      [ View All ]

      Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

      Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

      Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

      Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

      ©2010 "FXstreet.com. The Forex Market" All Rights Reserved.