Shares and oil prices jump after Chinese report of coronavirus treatment – as it happened

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Rolling coverage of economics, business and markets as investors await UK services data

European markets have dipped mildly at the open, with the FTSE 100 down by 0.3% and the FTSE 250 flat.

France’s Cac 40 index has fallen by 0.2%, while Germany’s Dax is down by 0.26% in the first half hour of trading.

The truth of the matter is that [coronavirus’s] impact remains significant and unknown, and still demands immediate interest from most affected economies.

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

The coronavirus outbreak remains the dominant theme across the business world, with supply chains disrupted in a crucial manufacturing region, widespread travel issues, and market volatility as investors try to work out longer-term effects.

Airbus is constantly evaluating the situation and monitoring any potential knock on effects to production and deliveries and will try to mitigate via alternative plans where necessary.

The fact that there appears to be a slowing in independent incidents in countries outside of China and a slowing in the rate of transmission in cases outside of Wuhan province appear to be making investors more comfortable for now.

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