China on edge…the WHO has stopped short of declaring the coronavirus outbreak a global health emergency but Beijing identifies and locks down 10 entire cities as the death toll rises to 25. We are live at the close of the World Economic Forum where trade tensions between the U.S. and the EU remain front and centre but Germany’s finance minister, Olaf Scholz, tells CNBC that he is confident a deal can be agreed on free commerce and digital tax. Meanwhile, the euro falls to a seven-week low against the dollar following ECB President Christine Lagarde’s cautious outlook yesterday as she offered little insight about the central bank’s launch of its first strategy review in 17 years.  

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