As Beijing ‘Contains’ Virus Outbreak, Markets Warily Eye Trump-Xi Dynamic Amid ‘Book Of Bolton’ Furor

Beijing has contained the outbreak of coronavirus tied to the city's largest food and vegetable supply center. That's according to Wu Zunyou, the senior epidemiology expert at Chinese Center for Disease Control and Prevention. Wu spoke at a press conference in Beijing late Thursday. The new outbreak caused considerable consternation among market participants and exacerbated existing fears of a second wave in several US states. Wu told the press that the peak for the Beijing outbreak likely came on June 13 and that the number of new cases will be small. All 21 of the cases reported Wednesday were individuals whose infections were dated prior to June 12. The news helped turn the tide for risk sentiment on a day when Asian equities were mixed, but US futures were wobbly. The market appears rattled by new revelations that Donald Trump directly linked agricultural purchases by China to the 2020 US election during a face-to-face discussion with Xi Jinping at the G-20 in Osaka last June. Additional excerpts from Bolton's memoir paint an extremely unflattering picture of Trump, who Bolton says should have been the subject of a wider investigation in the impeachment probe. Read more