In the last 72 hours, the "Chinese virus" has gone from a purely internal event to a global crisis, as cases have been identified around the world. The health authorities have therefore started to deploy their emergency plans: checks on potentially at-risk passengers, confinement, medical treatment... An anxiety-inducing situation with visible economic consequences, such as the sharp drop in oil and other raw materials or companies repatriating their employees present in China.

The latest reports point to nearly 80 deaths and about 2300 cases of infection in China. Local health authorities believe that the virus is not as powerful as SARS in 2003, but that it is spreading more easily. To help contain it, Beijing has just decided to extend the Chinese New Year holiday period by three days to February 2. Normally, activity should have resumed on Friday 31. The Chinese stock exchanges, which have been on a break since last Thursday's close, may therefore not reopen for another seven days.

The week will be marked by a clear acceleration in corporate publications, including Apple, LVMH, Pfizer and SAP, Microsoft, Facebook, MasterCard, AT&T, Novartis, Boeing, McDonald's, PayPal, General Electric and Tesla, Amazon.com, Visa, and Samsung Electronics...

Today, on the agenda, we have the German Business Climate Index compiled by the Ifo Institute and new real estate data in the US.