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Coronavirus update: Italy locks down 16 million people to stop disease spread, EUR/USD negative

Giuseppe Conte, Italy's Prime Minister, has signed a decree that severely limits transport in the region of Lombardy – which includes Milan – and other northern provinces. The government attempts to stop the spread of coronavirus. The number of Covid-19 cases nears 6,000 with the death toll reaching 223.

The drastic step – that is in effect at least until April 3 – puts around 16 million people in lockdown, a quarter of the population in the eurozone's third-largest economy.

The signing, early on Sunday, is set to impact the euro negatively when trading resumes in Asia on March 9.

Coronavirus update: Lowest daily increase in S. Korea in a week, Bulgaria confirms first four cases

The number of confirmed coronavirus infections in South Korea rose by 272 in the last 24 hours to mark the lowest daily increase in a week, the Korea
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Saudis slash oil export prices by 10%, Middle Eastern stocks plummet

The Asian open will have two major weekend developments in play, the spread of the coronavirus and bearish oil. Following the largest one-day decline
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