Sumeet Sud shares news about Coronavirus Impact

A rising toll from the coronavirus is adding to worries over the ultimate human, economic and market impact this year. China is the world’s largest consumer of many commodities and the starting point of many manufacturing supply chains. The quarantine has undercut commodity prices and slowed manufacturing. Coronavirus has an incubation period of 14 days. During that time, an infected person could pass along the disease, even before feeling symptoms. The disease appears to be spreading still, and it is unclear how many more quarantines will be needed. Per reports on Feb 10, 2020, the viral outbreak has affected more than 40,000 people worldwide, including about 900 deaths. Chinese economic growth should slow, and countries that trade heavily with China also could see some economic slowdown. Until the disease is contained, the largest market impacts are likely to be in emerging market currencies and equities, and in commodities. US equity markets could still be vulnerable if the contagion rate accelerates further, or if new US cases multiply.