|

China warns of further spread in latest COVID-19 flare-up

Reuters reported that China's latest COVID-19 outbreak is increasingly likely to spread further.

This warning comes from a health official who spoke on Sunday while authorities urged all regions to step up monitoring and called for a reduction in travel across provinces.

Key notes

''China has largely contained the virus but it is determined to stamp out any sporadic local outbreaks, particularly in the run-up to the 2022 Winter Olympics in February.''

''More than 100 locally transmitted cases have been confirmed over the last week across 11 provincial areas, with most linked to 13 different tour groups.''

''There is increasing risk that the outbreak might spread further, helped by "seasonal factors", Mi Feng, spokesman at the National Health Commission, told reporters on Sunday.''

''The Delta variant causing the outbreak is also highly transmissible, said commission deputy director Wu Liangyou, adding that sequencing showed it to be different from the source of an earlier outbreak, and suggesting that the new cases came from a new source from abroad.''

 

Author

Ross J Burland

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.

More from Ross J Burland
Share:

Editor's Picks

EUR/USD recovers above 1.1600 as focus shifts to US data

EUR/USD stages a modest rebound and trades in positive territory above 1.1600 in the European session on Wednesday. Improving risk sentiment makes it difficult for the US Dollar to preserve its strength and helps the pair edge higher as focus shifts to key US data releases.

GBP/USD climbs above 1.3350 on improving risk mood

GBP/USD gains traction and advances toward 1.3400 on Wednesday. Although there are no headlines pointing to a de-escalation in the Middle East conflict, the modest recovery seen in US stock index futures limit the USD's gains and help the pair hold its ground.

Gold rebounds toward $5,200 as USD retreats

Gold maintains its offered tone through European session on Wednesday and climbs to the $5,200 region. The downward correction seen in the US Dollar and the ongoing crsis in the Middle East seem to be allowing XAU/USD to preserve its recovery momentum.

ADP Employment Report set to signal stronger February jobs growth, little effect on Fed outlook

The Automatic Data Processing (ADP) Research Institute will release its monthly report on private-sector job creation for February on Wednesday. The so-called ADP Employment Change report is expected to show that the United States private sector added 50K new positions in the month, following the 22K gained in January.

Asian stocks fall as South Korea’s KOSPI slumps over 10%

Asian equities drop on Middle East tensions; the MSCI Asia Pacific Index falls up to 4%. South Korea’s KOSPI fell 10.71% near 5,170, with the Korean Won weakened past 1,500 per dollar.

Solana Price Forecast: SOL consolidation near resistance as ETF inflows offer mild support

Solana price is facing slight rejection as it approaches the upper boundary of the consolidation range at around $88 on Wednesday. Institutional demand is strengthening as spot Exchange Traded Funds recorded two consecutive inflows so far this week.