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Coronavirus update: First confirmed case in London, total infections in Iran at 1,501

Public Health England has recently announced that they have a confirmed case of coronavirus infection in south London after a member of staff at Wimbledon College became infected in Italy, as reported by Sky News.

Meanwhile, Iranian Deputy Health Minister Alireza Raisi said that the total number of infection in Iran rose to 1,501 as of Monday morning with 66 fatalities.

Market reaction

Markets have turned risk-averse, once again, after starting the week on a positive note. At the moment, the 10-year US Treasury bond yield is down nearly 7% on a daily basis.

GBP/USD pointing to additional falls

GBP/USD is trading close to 2020 lows once again. Monday's four-hour chart is pointing to additional falls, as FXStreet’s analyst Yohay Elam notes. Ke
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Russia's Novak: No proposal from OPEC to jointly cut production by 1 million bpd

Russia has not received a proposal from OPEC to jointly cut the oil production by one million barrels per day, Russia's Energy Minister Alexander Nova
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