The toll in mainland China from the new virus rose to 636, more than doubling in just under a week, with the number of infections at 31,161. Barring Shanghai, which has recovered about half of its $400 billion wipeout on Monday, all are ahead for the week, amid a broad global rally. That has been underpinned by China's sweeping efforts to contain the spread of the virus. Oil and metal prices fell hard as the coronavirus outbreak gained pace and have been slow to recover. "We think that demand could come back strongly as opposed to gradually in Q2 2020," said Commonwealth Bank commodities analyst Vivek Dhar.
Source: bd News24 February 07, 2020 04:30 UTC