Economic implications of a SARS/Coronavirus outbreak

[qldfrog]

hard to find details on that travel ban: fake news or not:
https://www.dailyexaminer.com.au/news/china-travel-ban-non-australians-denied-entry/3933011/
Anyone arriving from China, except Australian citizens, permanent residents and their direct family, will be barred from entry to Australia as the government seeks to stop the spread of the potentially deadly coronavirus.

 

[Smurf1976]

I think the stock market will be blood bath tomorrow.

Agreed there - you'll have an awful lot of trouble selling shares in anything at all tomorrow given it's a Sunday.

 

[qldfrog]

Sad how the ignore button between Basilio and I allow this mismatch

 

[Garpal Gumnut]

hard to find details on that travel ban: fake news or not:
https://www.dailyexaminer.com.au/news/china-travel-ban-non-australians-denied-entry/3933011/
Anyone arriving from China, except Australian citizens, permanent residents and their direct family, will be barred from entry to Australia as the government seeks to stop the spread of the potentially deadly coronavirus.

I've seen similar on pprune.org which is an airline pilots' website.

gg

 

[Dona Ferentes]

Knowing China, they may not be pleased
You know the Saving face attitude
I expect a few gov orders there
Like the Australian coal ban months ago.

Bigger picture, please. Russia has closed it (land) border. USA doing similar to us. Even Hong Kong

I've seen similar on pprune.org which is an airline pilots' website.

it's on the ABC, it must be true.
https://mobile.abc.net.au/news/2020...o-travel-to-china-due-to-coronavirus/11920742

 

[Garpal Gumnut]

Sydney, Melbourne, Perth, Brisbane and Cairns tourism trade will suffer.

Apartment prices may fall....or rise.

gg

 

[qldfrog]

Uni losses, lower number of renters
Luxury retail and tourism

 

[qldfrog]

A paper newly published and not yet peered review finds uncanny similarities between that virus and hiv sequences indicating potentially man made genetic manipulation.
That virus research lab in Wuhan is probably shredding a lot of files.

But i do believe by many way it is irrelevant, i doubt the release was planned and we just have to live with the consequences.it is bad but not yet civilization killer, the worrying side is its mutation capacity..to keep an eye on.
I wonder what will be the impact on banks tomorrow.
Seen as refuge or hammered like the rest

 

[Garpal Gumnut]

Casinos will disappear.

gg

 

[qldfrog]

Numbers from China: 304 deads,14500 cases...
No point i think updating the toll, it is developing, and these figures are quite unreliable anyway.
The point is: it is still uncontrolled

 

[Dona Ferentes]

Let's see if this works:

A股不哭：央行"开市后提供充足流动性" 30个措施护航



《通知》强调，金融系统要加强党的领导，增强“四个意识”，坚定“四个自信”，做到�
�两个维护”，切实把思想和行动统一到习近平总书记的重要指示精神上来，把打赢疫情防控阻击战作�
�当前重大政治任务，全力以赴做好各项金融服务工作

==================================

it says:
A share don't cry. chinese reserve bank will provide plenty liquidity , and provide 30 ways to support financial market/

and it is reserve bank to do their part to stabilize market, to get market react to this virus orderly and rationally , reserve bank will do their best to support this fighting virus war as central Gov. and Xi asked.
it is political agenda !!!

 

[Dona Ferentes]

https://finance.sina.cn/2020-02-01/detail-iimxyqvy9515930.d.html?from=wap

.. that is the webpage. From someone in Australia; earlybirds (best translation)

I'd take it as a positive for the markets??!!

 

[qldfrog]

https://finance.sina.cn/2020-02-01/detail-iimxyqvy9515930.d.html?from=wap

.. that is the webpage. From someone in Australia; earlybirds (best translation)

I'd take it as a positive for the markets??!!

Yes China will suport its share market but will they buy crown casino shares, or bhp, stockpile iron ore when factories are closed..
Pay citizen to go in holiday here?
Both yuan and chinese market will be supported, not sure when it will reopen either
The problem i see is here, Europe and the US will be ok after a few jitters but our economy is f.cked.
My 2c only

 

[qldfrog]

https://finance.sina.cn/2020-02-01/detail-iimxyqvy9515930.d.html?from=wap

.. that is the webpage. From someone in Australia; earlybirds (best translation)

I'd take it as a positive for the markets??!!

Dona,
You could be right and iwould not be completely surprised to see the Aussie market going up tomorrow.
I remember weirder behaviour in 2007

 

[againsthegrain]

This is a good test and time for Aus to wake up and start being more self reliant and sufficient. Being so. dependant on China is a weakness, and relatively speaking China by definition is ruled by the communist party which is the enemy of democracy

 

[Dona Ferentes]

Yes, quite, guys. But it's better than the alternative. Somebody mentioned 2007, I suspect 2008 and its interventions may be as/ more appropriate. ( Market bottomed in March 2009?!)

 

[fergee]

https://www.investing.com/news/econ...llion-via-reverse-repos-on-february-3-2073817
China to inject $174 billion of liquidity on February 3 as markets reopen

 

[So_Cynical]

John Hopkins has a simple dashboard tracking global infections deaths etc.
https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

Our market could fall 3 or 4% on Monday with the travel ban, could be one of those sell everything moments...recession must be near certain now with tourism about to be absolutely smashed..

 

[qldfrog]

https://au.finance.yahoo.com/news/wuhan-coronavirus-hurt-australian-companies-054219758.html
This was before the total travel ban, and does not really go into the commodities bit.
We would be very lucky imho if the impact is below tens of millions.do your own sums :-(

 

[qldfrog]

Mortality rate could be much higher than advertised
https://www.news.com.au/lifestyle/h...t/news-story/a5d5506601ef56bcc7b2de4e31b64af7
That would make more sense with the chaos in morgues and cremation centers in Wahou