China's Hubei province reports total of 67,801 coronavirus cases and 3,169 deaths at end of March 25


Just one month ago, when we weeing seeing thousands of confirmations a day, for several days, China has reported few or zero new domestic cases of COVID-19, claiming success in controlling the outbreak.

Latest data

  • China's Hubei province reports a total of 67,801 coronavirus cases and 3,169 deaths at end of March 25.
  • China says total of 3,287 deaths from coronavirus outbreak reported in Mainland China at end of March 25.
  • China says total of 81,285 coronavirus cases in Mainland China reported at end of March 25.

The relaxing of travel restrictions in Hubei province could lead to sporadic outbreaks

Meanwhile, as reported by The Guardian, "Chinese premier Li Keqiang has warned local governments not to cover up new cases of COVID-19, as low daily rates of infection prompted the relaxing of travel restrictions in Hubei province, where the pandemic started." Speaking to a meeting of the central leading group responding to the outbreak on Monday, Li urged officials to report honestly on the number of cases, and “not cover up reports for the sake of keeping new case numbers at zero”. Li said worldwide analysis of the virus showed the virus was unlikely to dissipate like Sars. He warned that while the epidemic in Hubei and Wuhan had essentially been stopped, there were still risks of sporadic outbreaks."

Market implications

the world is watching Hubei again, as the spread of COVID-19 swamps he West, the population is watching for clues for how soon the pandemic will pass. A spike in cases as Hibei reopens will terrify markets as we will be staring at the worst-case scenario, that COVID-19 is here to stay, destroying the global economy and threating the very existence of mankind. The worry is the rate of contagion, mutations and the inability to find a way to vaccine fast enough and to keep up with possible mutations. According to figures from Johns Hopkins University, which has been tracking the pandemic, more than 422,652 people had confirmed diagnoses of Covid-19 on Wednesday. 18,901 people have died and 108,349 people have recovered.

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD failed just ahead of the 200-day SMA

AUD/USD failed just ahead of the 200-day SMA

Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.

AUD/USD News

EUR/USD met some decent resistance above 1.0700

EUR/USD met some decent resistance above 1.0700

EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.

EUR/USD News

Gold keeps consolidating ahead of US first-tier figures

Gold keeps consolidating ahead of US first-tier figures

Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.

Gold News

Bitcoin price could be primed for correction as bearish activity grows near $66K area

Bitcoin price could be primed for correction as bearish activity grows near $66K area

Bitcoin (BTC) price managed to maintain a northbound trajectory after the April 20 halving, despite bold assertions by analysts that the event would be a “sell the news” situation. However, after four days of strength, the tables could be turning as a dark cloud now hovers above BTC price.

Read more

Bank of Japan's predicament: The BOJ is trapped

Bank of Japan's predicament: The BOJ is trapped

In this special edition of TradeGATEHub Live Trading, we're joined by guest speaker Tavi @TaviCosta, who shares his insights on the Bank of Japan's current predicament, stating, 'The BOJ is Trapped.' 

Read more

Forex MAJORS

Cryptocurrencies

Signatures