|

Coronavirus update: Unknown variant found in Germany’s 35 hospital patients

As the world still fights the new UK covid strain, Germany has reported an unknown variant that has been found among 35 patients at a hospital in Garmisch-Partenkirchen.

The district’s Deputy Medical Director Clemens Stockklausner said: “A change in the virus gene was found in 35 tests among the 73 newly infected people on Friday. But it is definitely not the British or South African variant.”

"At the moment we have discovered a small point mutation, which has already been described several times around the world, but also in Germany, and it is absolutely not clear whether it will be of clinical relevance," Stockklausner added.

In the last hour, the RKI reported 15,974 new infections in the country, with 1,148 new deaths. On Tuesday, Chancellor Angel Merkel announced an extension to the lockdown until February 14.

Meanwhile, the World Health Organization (WHO) said that the UK coronavirus strain detected in at least 60 countries. The Kingdom reported 33,355 new virus cases and 1,610 fatalities on Tuesday.

Market reaction

The risk sentiment remains buoyed on stimulus expectations while the US dollar index drops 0.15% to 90.35 levels, at the press time. The S&P 500 futures gain 0.10% to trade around 3,795.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

More from Dhwani Mehta
Share:

Editor's Picks

EUR/USD tests nine-day EMA support near 1.1850

EUR/USD inches lower during the Asian hours on Monday, trading around 1.1870 at the time of writing. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming improving momentum. RSI has cooled from prior overbought readings but stabilizes above 50, suggesting dips could stay limited before buyers reassert control.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold buyers hesitate amid holiday-thinned trading

Gold trades volatile, but within range, as US, China holidays-led thin trading exaggerates moves. The US Dollar extends range play into the US GDP week, with markets pricing at least two Fed rate cuts this year. Technically, Gold tests key support at $5,000; daily RSI still remains bullish.

Top Crypto Losers: Dogecoin, Zcash, Bonk – Meme and Privacy coins under pressure

Meme coins such as Dogecoin and Bonk, alongside the privacy coin Zcash (ZEC), are leading the broader market losses over the last 24 hours. DOGE, ZEC, and BONK ended their three consecutive days of recovery with a sudden decline on Sunday, as crucial resistance levels capped the gains. Technically, the altcoins show downside risk, starting the week under pressure.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.