Corporate Coronavirus Reactions Take Wait-and-See Stance, For Now — Panjiva
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Corporate Coronavirus Reactions Take Wait-and-See Stance, For Now

Ags - Grains/Beans 299 China 2971 Cons. Discr. - Autos 1179 Consumer Staples 760 Coronavirus 511 Info Tech - Tech Hardware 796 U.S. 5317

The spread of novel coronavirus 2019-nCoV has reached nearly 10,000 cases and been declared a health emergency by the WTO. With 98.8% of cases in mainland China the issue for supply chains so far is predominantly one of Chinese demand and local factory operations. Regional governments have extended factory closures beyond Feb. 2 in order to control the viruses spread via the working population. In terms of demand, the risk to the U.S.-China phase 1 trade deal should be small. It’s based on market terms while U.S. agricultural exports to China, which need to reach $33.4 billion in 2020, p...

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