Health Scare Affecting Markets
The recent news of swine flu spreading across the globe is causing an economic impact. Its still not clear just how serious the swine flu scare is right now, but the markets around the word are feeling the concerns. The U.S. Stock Market may have a bad week if the virus continues to pop up all over the country. There are 5 states that have reported the swine flu in their states and this number is expected to rise. We could see this virus in more than half of the U.S. States before the week ends. These health concerns will keep the markets down here and will likely affect other countries too. Hopefully some good news will break soon about the new strain of flu virus that is going around right now, but everyone is just trying to get a grip on the situation right now.
No deaths in the United States or Canada have been reported. The same is not true in Mexico where people are losing their lives from the new swine flue virus going around. Mexico is reporting 103 cases as of right now and these numbers are sure to go up before the day is over today. These concerns have caused the EU (European Union) to take action and they are advising Europeans not to travel to the USA or Mexico right now. It’s these types of fears that will send shockwaves through the economy and perhaps the leaders in Europe are over reacting right now. This is something that the medical community is taking a serious look at and they are strong concerns over this new virus. It would appear the start of swine flu started in Mexico, but we may learn a new source in the future. It isn’t clear how many people are infected with this virus across the globe right now, but the economy isn’t going to be stable until more answers are given.