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Monitor CoronaVirus -13 March 2020 – Stock Market in Biggest Drop since Black Monday

CoronaVirus

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Key Points:

 

  • Confirmed cases 128 343
  • Deaths 4 720
  • Italy’s health ministry said as of 6 p.m. local time on March 12, there were a total of 15,113 cases, including 1,258 people who have recovered and 1,016 who have died.
  • South Korea reported an additional 110 cases of COVID-19 as well as one new patient death.
  • China’s National Health Commission said there were 8 new confirmed cases on the mainland and seven additional deaths.
  • Disney said it will close its theme parks at Walt Disney World Resort in Florida and Disneyland Paris Resort, starting at the close of business on Sunday, March 15, through the end of the month.
  • Canadian Prime Minister Justin Trudeau’s wife, Sophie Gregoire, has tested positive for COVID-19. 
  • Portugal orders schools, nightclubs shut due to coronavirus
  • Belgian government says schools, restaurants, clubs to close due to coronavirus
  • Formula One’s Australian Grand Prix cancelled amid coronavirus fears

 

Justin Trudeau ‘will continue duties’

Despite being in isolation for two weeks, Canadian Prime Minister Justin Trudeau will continue to work, his office has said.

 

The prime minister is in good health with no symptoms.

As a precautionary measure and following the advice of doctors, he will be in isolation for a planned period of 14 days.

The prime minister will continue to fully assume his duties and will address Canadians tomorrow.”

 

Mr Trudeau will not be tested as he has no symptoms.

 

China getting back to work

China’s vice industry minister Xin Guobin said on Friday the work resumption rate outside of Hubei province, where the outbreak emerged, is about 60% for small and medium firms – and over 95% for larger firms.

This week, some workplaces also began to reopen in the epicentre, Wuha

 

Trump has no plans to test for virus

US President Donald Trump has no plans to be tested for the virus, despite coming into contact with a Brazilian official who has now tested positive for the virus.

The White House said he had almost no interactions with the Brazilian official, so there was no requirement for testing at this time.

Fabio Wajngarten, the communication secretary of Brazilian President Jair Bolsonaro, had earlier posted a picture on Instagram of him in a “Make Brazil Great Again” cap, standing next to President Trump. Vice President Mike Pence is also seen in the picture.

 

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