RATE Group | Coronavirus takes a bite from the apple, Gold gains, Bitcoin bounces
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Coronavirus takes a bite from the apple, Gold gains, Bitcoin bounces

18 Feb Coronavirus takes a bite from the apple, Gold gains, Bitcoin bounces

Posted at 07:32h in Bitcoin News by

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Here is what you need to know on Tuesday, February, 18:

The coronavirus outbreak’s economic impact is growing as Apple, the iPhone maker has issued a warning that it is unable to meet its guidance due to production and issues and closed stores in China. The tech giant’s announcement has been weighing on the market mood, pushing gold and the yen higher. The Japanese currency continues ignoring the 1.6% quarterly downfall in output from the world’s third-largest economy. 

The disease has already killed over 1,800 people and infected 72,000 according to Chinese authorities. While casinos in Macau are reopening, Hong Kong is aiming to stimulate the economy in the wake of the damage from the virus. The UK is joining the US in evacuating its citizens from the Diamond Princess cruise ship docked in Japan.

EUR/USD continues trading close to the 34-month lows of 1.0820 ahead of the release of the German ZEW Economic Sentiment, which carries expectations of a slide…

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