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According to the UK Health Ministry, the number of coronavirus cases rose to 1950 on Tuesday vs. Monday’s 1543.

Meanwhile, the number of cases in New York jumped about 46%, cases up from 943 to 1374 so far.

The New York State Governor Andrew Cuomo said that he expects the virus outbreak to peak in 45 days.

Market reaction

A turnaround in the risk sentiment alongside broad US dollar demand remain the key theme in Tuesday’s North American trading. Wall Street’s main indices are up over 4.50%, with Dow being the main laggard. S&P 500 futures are up 3% while USD/JPY is at daily highs near 107.50.