EURUSD: This year’s slide appears to have been halted just ahead of 1.0875, last year’s low. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

World Health Organisation meeting in Geneva Tuesday 11th and Wednesday 12th February

UN News – yes, they have their own media outlet – reports that hundreds of experts, scientists, public health agencies and ministries for health are meeting at WHO Geneva headquarters to ‘share the latest information about the virus and decide how best to confront it’. WHO Director-General Dr Tedros Adhanom Ghebreyesus called for answers to the many unknowns, adding ‘’this is not a meeting about politics or money. This is a meeting about science’’. What we do know is that they have given the new coronavirus a name: CONVI 19.

City AM newspaper reports today that, based on data collated by Calastone, inflows into UK active equity funds slumped by 93 per cent this January as compared to the previous month. Investors paid in a mere £78 million, something the researchers blamed on the coronavirus and a share price swoon. In comparison, 90 per cent of inflows went to passively run funds.

 

Financial Markets and Political Commentary

 

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