GOLD: Allegedly safe-haven buying pushing prices up to a multi-year high. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Hundreds of Chinese prisoners have the virus Today the State reports 512 new coronavirus cases

CNBC reports that today the official Chinese state news agency, Xinhua, said it was announced that in Wuhan’s Women’s prison there are 230 confirmed cases of Covid-19 virus, the Shayang Hanjin prison has another 42 cases, while in Shandong province Rencheng prison has 207. Adding to the malaise the number of passenger vehicles sold in the first 16 days of February fell by 92 per cent from the same period last year.

Data from Japan this morning showed that Purchasing Managers’ Indices (PMI) dropped again in February. Collated by Jibun Bank, manufacturing slipped to 47.6, rather alarmingly services to 46.7, and the composite was 47.0. These are among the lower level in a decade.

Financial Markets and Political Commentary

 

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