Global Markets: Cruise ships quarantined over virus concerns

By MarketsFarm

WINNIPEG, Feb. 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Passengers on cruise ships docked in Japan and Hong Kong will be quarantined for two weeks after a number of passengers tested positive for the coronavirus. At least ten people on the Diamond Princess ship docked in Yokohama, Japan have already tested positive for the virus.

– Researchers in both China and the United Kingdom are reportedly making progress in developing a vaccine for the coronavirus. While a vaccine would do little for the current situation, it would help with future outbreaks. Global stock and energy markets were posting solid gains on Wednesday on the optimistic news.

– Results are still being compiled two days after the Iowa caucuses, with Pete Buttigieg holding a slight lead over Bernie Sanders with 71 per cent of the polls reporting. Buttigieg, the former mayor of South Bend, Indiana, has 26.8 per cent of the delegates, while Vermont Senator Bernie Sanders has 25.2 per cent. The process to help determine the Democrat candidate to challenge Republican President Donald Trump in the upcoming election was marred by an untested app and inconsistencies in the data.

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