China reports 55 COVID-19 cases in Mainland

Ross J Burland FXStreet

China reports 55 COVID-19 cases in Mainland as of end-March 26 (vs 67 a day earlier) while the death toll rises by 5 (vs. 6 a day earlier)

-54/55 cases are imported.
-74,588 virus patients discharged.

Market implications

Meanwhile, the markets perhaps enjoying a last-minute ray of hope before we see signs of the virus returning in China as the Hubei Province, where the deadly coronavirus first emerged late last year, is to lift travel curbs after two months under lockdown and send the population goes back to work despite new 'imported' cases. It will act as a template for the rest of the world and financial markets. However, should there be lots of activity and no signs of the virus, this will be a huge positive for risk sentiment – the world economy depends on it.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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