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Nordic money managers: Coronavirus may be key market driver for months in 2020

Although Elite Alfred Berg does not see the epidemic significantly endangering global economic growth for now, it has decided to adopt a tactically neutral equity position.

Photo: DINUKA LIYANAWATTE/REUTERS / X02763

Drawing from historical precedents, the coronavirus could remain a key market driver for several months to come with potentially substantial effects on the world economy unless it can be contained, writes SEB's Chief Strategist for USD & Euro rates Jussi Hiljanen in his Nordic Alert commentary this morning.

The first case of coronavirus in the Nordic region was registered in Finland yesterday, when a female Chinese tourist from Wuhan tested positive for the virus in Lapland. Some 24 people are believed to have been exposed to the virus, some who have not yet been reached.

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