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Markets holding much of the...>

GLOBAL MARKET/OPINION
GLOBAL MARKET/OPINION: Markets holding much of the risk-on move here, with
AUD/USD still close to the day's highs and USD/JPY also trading well. Move
prompted by various headlines and newsflow circulating regarding the
Coronavirus, with some unsubstantiated reports seemingly mixing with more
sourced information.
- 1) U.K. Research on Coronavirus Vaccine to Start Animal Testing: Sky -bbg
("Vaccine would be important if there will be a second wave, pandemic") - (Was
out about 45 minutes ago).
- 2) Cjn.cn, a news site backed by the Wuhan government, said initial tests
conducted by the National Health Commission shows arbidol and prezista were
effective in "curbing coronavirus" - out much earlier this morning.
- 3) Several outlets tweeting: "CHINESE TV: RESEARCH TEAM AT ZHEJIANG UNIVERSITY
HAS FOUND AN EFFECTIVE DRUG TO TREAT PEOPLE WITH THE NEW CORONA VIRUS." However,
we have not found firm confirmation of this, so for now treat that very
carefully. (Was out about 45 mins ago).

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