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Global stocks and oil prices rally on coronavirus drug hopes

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Revised economic data for U.K. and Europe also boost markets.

A Chinese citizen undergoing testing for coronavirus while passing through a temporary corridor opened at a border checkpoint between Blagoveshchensk and Heihe. Temporary corridors are opened to return Russian and Chinese citizens to their countries as the Russian government orders to close the border with China as a measure to prevent the coronavirus spread. All the people passing through the temporary corridor are tested for the virus.Financial markets in Europe and the U.S.

report out of China Wednesday claimed that researchers within the country had found two separate drugs that can inhibit the effect of the new strain of the coronavirus. The report said preliminary tests on in-vitro samples were effective at inhibiting the coronavirus in the test tube, but did not specify successful treatment in people carrying the virus.

News agencies like Reuters and Dow Jones attributed the reports of progress to the sharp rise in stock markets, citing traders. CNBC has not been able to verify the media reports.

 

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When you task CNBC back office with creating headline to explain this crazy rally😉

So now post the WHO News also asap!

News of no known treatments comes out and stocks lose .07 percentage points. Has your headline ever been “Stocks rally on knowledge that Fed will inject liquidity into “the best economy ever” whenever it “needs” to”?

china is a threat to life on earth dont kid yourselves

LOL EndTheFed

WHO spokesperson - There are no known effective therapeutics against this coronavirus. Press conference 15:00 GMT.

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Tech companies lead US stock rally following global gainsMARKETS: Tech companies and banks lead a broad rally for U.S. stocks, as China took more steps to soften the financial impact of the coronavirus outbreak. after the sotu address, Wed 2/5 stock market crash.... Might wanna mention how much the US fed is pumping into the stock market. Chinese Tech Stocks are on FIRE! Impressive.
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