As coronavirus spreads in Europe, hospitals are overwhelmed

Austrian banks well-positioned to weather crisis – ONB

BERLIN, March 25 (Reuters) – The Austrian National Bank (ONB) said on Wednesday the country’s lenders are well-positioned to weather the economic impact of the coronavirus crisis and to support the real economy.

“Austrian banks in recent years have built up capital buffers that can be used in the current situation to maintain credit supply for companies and households,” the ONB said in a statement. (Reporting by Thomas Seythal, editing by Thomas Escritt)

Which Blood Type Is More Susceptible To COVID-19?

Is there a relationship between blood type and susceptibility to COVID-19?

The risk of contracting COVID-19 is significantly higher for people with blood type A while the risk is lower for individuals with blood type O, according to a study conducted by Chinese researchers.

The study involved 2,173 patients with confirmed infection with severe acute respiratory syndrome coronavirus 2, from three hospitals in Wuhan and Shenzhen, China and 3,694 healthy individuals of Wuhan, the epicenter of the coronavirus outbreak.

A Meta-analysis of the pooled data showed that among the COVID-19 patients, the proportion of blood group A was significantly higher while the proportion of blood group O was significantly lower. This finding has made the researchers infer that blood type A is more vulnerable to COVID-19.

The study, which is preliminary, appears in Medrxiv.org, a server for health science preprints.

The number of confirmed cases of COVID-19 infection worldwide is 199,409 and the number of fatalities is 7,999, as of this writing. Of this, China accounts for 80,894 confirmed cases and 3,237 deaths. So far, 167 countries have been affected by the novel coronavirus.

Tokyo posts biggest daily jump in coronavirus infections: Japanese media

TOKYO (Reuters) – More than 40 cases of coronavirus infections were reported in Tokyo on Wednesday, Japanese media reported, the biggest one-day increase in Japan’s capital which has overtaken much smaller cities to become the country’s epicenter of the virus.

Wednesday’s infections increases the total cases in Tokyo to around 200.

Tokyo has now reported the most infections in the country, overtaking the northern island of Hokkaido, which had roughly 163 cases early on Wednesday, according to national broadcaster NHK.

Stock Alert: H.B. Fuller To Report Results Today

H.B. Fuller Company (FUL) is scheduled to report first-quarter results today, March 25, after market close.

The company makes adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products.

On average, 7 analysts polled by Thomson Reuters expect the company to report earnings of $0.34 and revenue of$652.85 million.

In the last three quarters, H.B. Fuller had missed the consensus estimate.

In December last year, H.B. Fuller had completed the realignment of its business from five to three segments including Engineering Adhesives, Hygiene, Health and Consumable Adhesives, and Construction Adhesives. The company expects to achieve $25 to $35 million by 2021 from this transition with approximately two thirds of the savings to be realized in 2020.

FUL stock started tumbling from mid-February with nearly 45% loss since then. It has traded in the range of $23.68- $52.40 in the past one year.

Stock Alert: Winnebago Industries Q2 Earnings Today

Recreational vehicles maker Winnebago Industries Inc. (WGO) is set to report second-quarter results today, March 25, before market open.

On average, 8 analysts polled by Thomson Reuters expect the company to report earnings of $0.67 on revenue of $613.97 million for the second quarter. Winnebago earnings had surpassed estimates in the last four quarters.

Yesterday, in its SEC filing, Winnebago revealed that Punch Card Capital, LP has 7.1% stake in the company as of March 16.

Two days back, the company had suspended most of the production at its Winnebago, Grand Design RV, Newmar, and Chris-Craft facilities till April 12th due to coronavirus pandemic.

Winnebago stock started plunging from mid-February losing more than 60%. Yesterday, the stock was up $2.13 or 9.7% before closing at $24.10.

Gold Prices Mixed In Cautious Trade

Gold prices traded mixed on Wednesday after posting strong gains in the previous session on hopes for U.S. stimulus.

Spot gold rose 0.55 percent to $1,625.83 per ounce, after climbing as much as 3 percent on Tuesday. U.S. gold futures were down 0.3 percent at $1,655.10.

The dollar index fell for a second day after lawmakers in Washington reached agreement on a sweeping $2 trillion economic stimulus package to help support firms and households hit by the coronavirus outbreak. The bill is expected to be passed through the Congress later today.

Investors continued to monitor the latest developments in the coronavirus crisis as India’s 1.3 billion people joined the global lockdown.

The United States could become the global epicenter of the coronavirus pandemic, the World health Organization said.

Germany registered 4,191 new cases of the virus and 36 more deaths, raising the total number of infections to 31,554.

The daily death toll from the coronavirus has increased once again in Italy, after two days of smaller rises.

There have been 42,058 confirmed cases of coronavirus in Spain, which has been in national lockdown since mid-March.

As coronavirus spreads in Europe, hospitals are overwhelmed

As infections spike across Europe, Italy, Spain and UK’s healthcare systems struggle to cope after medics fall ill.

The coronavirus pandemic sweeping through Western Europe is overwhelming their healthcare systems.

A small percentage of medical staff in Spain and Italy have contracted the virus, while hospitals have run out of beds.

So desperate is the need that staff in Spain, Italy and the United Kingdom have set up improvised makeshift facilities.

Al Jazeera’s Paul Brennan reports from Redhill, southeast England.