How the coronavirus in the “factory of the world” struck down the global business – part 2

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In the first part of the article we examined the effect of the coronavirus COVID-19 in China has on some of the neighbouring countries. In this we will turn our attention to the industries reaching far beyond China.

Since China produces all kinds of goods and components for other goods, the quarantine in Wuhan, which is a significant industrial and transportation hub, as well as the overall transport limitations, inevitably affect the production of almost everything – from smartphones, through automobiles, to medications.

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How the coronavirus in the “factory of the world” struck down the global business – part 1

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cronavirus

The 2003 epidemic of the SARS coronavirus made 8098 people ill and killed 774 people in 17 countries, which makes up a 9.6% mortality rate and renders it considerably more deadly than this year’s coronavirus COVID-19 with its 2.8% (for now).

Just like SARS, COVID-19 first appeared in China and then spread globally. Just like SARS, the new coronavirus from Wuhan affects the global economy, but the similarities stop here.

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The Coronavirus: Everything We Know About the New Epidemic and Its Effect on the Global Economy in 2020

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Коронавирусът и световните пазари

Source: DeltaStock

Currently, the world is in a state of panic not witnessed since 2003. Back then, a severe acute respiratory syndrome (SARS) infected over 8000 people, caused the death of 774 citizens from 17 countries and went down in human history as “the crimson death”.

Now, amidst an endless stream of TV and social media news regarding the new Chinese virus, a troublesome trend emerges—the panic-inducing idea that the SARS story might repeat itself.

Here’s everything we know about the virus so far.

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Where to invest in 2020?

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What to invest in the year 2020.

Source: DeltaStock

The past 2019 was everything but calm. The markets were shaken by trade wars (mainly between the US and China, but there was also an air of hostility between the US and the EU) and US President Donald Trump’s tweets. Last year also saw growing tensions between the US and Iran, an ongoing drama surrounding Brexit, and concerns about an impending global crisis.

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What are conditional trading orders (and why use them)?

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What are conditional orders?

Source: DeltaStock

It’s no secret that market orders—those that allow the instant purchase or selling of any asset at its current market price, are widely popular among both novice and experienced traders.

But what if we don’t want to pay the current price of our chosen financial instrument? The solution to this problem is using the so-called conditional orders—flexible instruments that make semi-automated trading possible.

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